Libya Project Targets 2.5B Investment
An industrial complex in eastern Libya aims to attract 2.5 billion dollars in investment to produce lower carbon iron. The joint venture plans to start commercial production by early 2028.
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An industrial complex in eastern Libya will draw $2.5 billion in investment to produce lower-carbon iron, with commercial production slated to start in early 2028. The venture marks one of the largest economic developments in territory controlled by military commander Khalifa Haftar. The project aims to capitalize on rising European environmental compliance requirements and lower operating costs.
