FBIH ENTITY GOVERNMENT DELEGATION VISITS LIBYA

SARAJEVO,Bosnia (September 4,2007) – An FBiH entity government delegation headed by the FBiH Entity Prime Minister Nedzad Brankovic left on Thursday for a three-day official visit to Libya on the occasion of the commemoration of the 38th anniversary since Muammar al-Gaddafi took power in this country, the FBiH entity government stated.

The delegation includes FBiH Entity Minister of Energy,Mining and Industry Vahid Heco,“Bosnalijek” General Manager Edin Arslanagic,“Energoinvest” General Manager Dzemail Vlahovljak and his deputy Abdulharis Seta.

The FBiH entity delegation held meetings with Libyan officials. They used the opportunity to express gratitude for the assistance Libya has provided to Bosnia, as well as to the Bosnian companies that have been active in this country in the recent years.

The FBIH Entity Prime Minister Brankovic and members of his delegation met with Libyan Ministry of Energy, Gas and Water Omran Ibrahim Ebu Krao.

They also met with representatives of 14 Bosnian companies working in the fields of construction, the electric energy sector, production of food and pharmaceuticals in Libya, as well as other companies that will implement contracts worth 400 million USD in Libya in the upcoming period.

Some 1.500 Bosnian workers are currently employed by Bosnian and foreign companies in Libya at this time. This figure is expected to grow to 3.000 to 5.000 as economic cooperation between the two countries expands. There is great untapped potential for expanding cooperation in the field of exchange of goods and products between the two countries as well.

In this context cooperation in the field of production of food and pharmaceuticals is especially interesting. There is also strong interest in continuing cooperation with BiH construction companies at the Libyan market, as well as in the electric energy sector, especially with “Hidrogradnja”, “Energoinvest” and “GP Bosna”.

In order to discuss possible forms of cooperation the FBiH entity government delegation visited Libyan companies ELPCO and AL-MAYA, as well as the Libyan National Committee for the Control of Food and Pharmaceuticals.