The private sector plays a crucial role in economic development as a major source of national income, provider of jobs and services, and investor in development projects. The European Union considers the private sector an important partner in the promotion of political stability, as well as inclusive and sustainable growth.
Through its partners in Libya, the EU supports the development of a dynamic and inclusive private sector that contributes to economic growth by creating decent job and livelihood opportunities across Libya. The main areas of support are :
Promoting and enabling business environment
Technical advice to small and medium-sized enterprises (SMES)
Supporting the culture of entrepreneurship and economic empowerment for all