This workshop is co-organised by the Ministry of Investment-Government of Libya and the WestMED National Hub Libya

Workshop Summary and Objectives
The workshop aims to provide a deep understanding of the Blue Economy concept and its role in achieving  sustainable development in Libya, with a focus on attracting new investments in marine sectors. It will highlight promising investment opportunities in marine industries, renewable energy, and eco-tourism, aligned with the Libyan Ministry of Investment’s goals to diversify the national economy and ensure economic and environmental sustainability.

The workshop reflects the strategic direction of the Ministry of Investment to enhance sustainable economic development through innovative investments in the Blue Economy. The event aims to establish a comprehensive investment framework that promotes marine sector development, creates new job opportunities, and protects environmental resources for future generations.

Workshop Topics and Details

1.  The Role of the Blue Economy in Achieving Sustainable Economic Growth
   – Definition and importance of the Blue Economy in ensuring sustainable marine resources.
   – Contributions of Blue Economy sectors to economic, social, and rural development.
   – Case studies of successful investments in the Blue Economy (e.g., Morocco in marine energy, Portugal in eco-tourism).
2.  Investment Opportunities in Targeted Blue Economy Sectors
   Marine Renewable Energy:
   – Investing in renewable energy such as offshore wind, wave energy, and hydrogen energy.
   – Lessons learned from successful pioneering projects in marine-based electricity generation.
   – Mechanisms and strategies for transitioning towards green energy.
   Sustainable Marine Tourism:
   – Investment in eco-tourism activities such as diving and sustainable marine exploration.
   – Development of eco-friendly resorts promoting low-impact tourism.
   – Case studies of successful sustainable marine tourism projects.
3.  Challenges and Opportunities for Attracting Investments
   – Legislative and regulatory barriers to marine sector investments and mechanisms for their modernization to encourage investments while ensuring sustainability and marine environmental protection.
   – The role of the local environment in attracting Blue Economy investments.
   – Governance and its role in enhancing responsible investment in Blue Economy projects.
4. Public-Private Sector Collaboration for Sustainable Development
   – Importance of public-private partnerships in financing and developing Blue Economy projects.
   – The role of local financial institutions and international organizations in providing funding and training.
   – Enhancing foreign direct investment in renewable energy and marine eco-tourism projects.
5. Innovation and Technology in the Blue Economy
   – The role of modern technologies in efficiently managing marine resources.
   – Innovations for monitoring marine environments, such as pollution risk prediction systems and biodiversity protection.
   – Supporting entrepreneurs to develop innovative solutions in aquaculture and marine energy.

Expected Outcomes of the Workshop

1. Developing an investment roadmap to attract local and international investments in marine renewable energy and eco-tourism.
2. Establishing mechanisms to enhance public-private partnerships for supporting sustainable development projects.
3. Proposing updates for governmental policies, regulations, and legislation to encouragelocal and foreign investments in the Blue Economy.
4. Promoting a culture of innovation in marine sectors and providing training programs for youth and investors in related fields.

Targeted Audience

• Policymakers and government officials.
• Academia and researchers.
• Local and international investors.
• Entrepreneurs in environmental and marine sectors.
• Representatives of local and international organizations and financial institutions.

When: 8 February 2025 | 09:00-14:00
Where: Gharunis, Economic Ministry Hall, Benghazi, Libya
For more information and registration, mail:
Dr Masauda Abuarosha (WestMED National Hub Libya) or
Dr. Abir Alawame ( Director of Investment Department- Ministry of Investment)

Agenda: available soon