Reconstitution of the General Authority for Investment Promotion Board

The Council of Ministers reconstituted the seven-member Board of Directors of the General Authority for Investment Promotion and Privatization Affairs (GIPPA), naming Abdulaziz Ramadan Al-Shawush as Chairman. The Board includes representatives from the General Authority for Exhibitions, General Union of Chambers of Commerce, and National Mining Corporation, plus three additional members. This decision is effective immediately and supersedes previous board compositions.

This board reconstitution signals potential policy continuity or shift in Libya's investment promotion strategy depending on the new leadership's orientation. Foreign investors should monitor whether the new board accelerates license processing, revises investment incentives, or changes sectoral priorities. The inclusion of chambers of commerce and mining corporation representatives suggests continued emphasis on private sector coordination and extractive industries. Any ongoing investment applications or disputes may experience procedural delays during the transition period.