over
550
Companies
The investments of the Libyan Investment Authority are distributed in more than 430 companies and 200 Estate in
Africa, Europe, Asia and North America.
Our investment portfolio spans a wide range of industries and asset classes, including:
Our investment portfolio spans a wide range of industries and asset classes, including:
The majority of our portfolio is made up of international assets, while part of the fund is still dedicated to local investments inside Libya to enhance the resilience of the Libyan economy.
These investments are primarily concentrated in public sectors that are vital to Libya’s development, including the infrastructure, education and health sectors.
As an investment partner in Libyan companies, we seek to adopt the best global financial practices, develop local capacities and stimulate the commercial movement.
Initially, the funds and financial assets owned by the Libyan Investment Authority located outside Libya were frozen on the date of Resolution No. 1970 of 2011.
However, in 2018, the scope of the freeze was expanded to include interest earned on frozen funds) under Implementation Assistance Note No. (6).
LIA is committed to implementing the sanctions regime originally designed to protect its assets.
We worked with an international consulting firm to better understand the impact of sanctions on our international portfolio of assets by examining the impact on a sample of these assets. The results indicated that there are negative effects resulting from the sanctions regime.
The Authority is working closely with its international partners, including the United Nations Sanctions Committee and the Panel of Experts to find an appropriate solution to avoid the negative impact of international sanctions while the freeze remains in place.
The Libyan Investment Authority seeks to adhere to the highest standards of professionalism and disclosure. It will continue to cooperate with all relevant local and international organizations in all transparency and openness.
UN Security Council Sanctions Committee
To ensure full transparency, LIA has committed to periodically sharing its progress with the Sanctions Committee and related parties, and will continue to do so through regular reporting and annual external audits and will continue to work to strengthen governance, transparency, and accountability.
The Libyan Investment Authority continues its commitment to fulfill its responsibilities as a global investment entity by following up its investment activities and ensuring their implementation in a manner that does not conflict with the sanctions regime, in force under the Security Council resolutions of 2011.
