APR 20, 2024 JLM 70°F 09:56 AM 02:56 AM EST
Egypt signs flurry of deals with Libya's unity government

Egypt and Libya's unity government signed a series of cooperation agreements and several infrastructure contracts on Thursday as Cairo eyes reconstruction opportunities in its oil-rich neighbour.

Though Libya's political prospects remain uncertain, the deals are the latest sign of Egypt's efforts to re-engage with Tripoli after years of siding with east Libya-based forces engaged in a conflict that split the country.

Libya was a major market for Egyptian firms and workers before uprisings in both countries in 2011.

The 14 memorandums of understanding, signed during a visit to Cairo by Libyan Prime Minister Abdulhamid Dbeibah, cover sectors ranging from industry and hydrocarbons to agriculture, communications, and civil aviation, according to a statement from Egypt's Cabinet.

Project contracts signed between the Libyan government and prominent Egyptian companies include a ring road around the Libyan capital Tripoli, another road leading south to Jalu from the eastern town of Ajdabiya, and the construction and supply of two gas plants.

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