A high-level meeting was held on Monday, June 15, between Libya’s Minister of State for Prime Ministerial and Cabinet Affairs, Mohamed Ben Ghalbon, and senior officials from the Libyan Fund for Domestic Investment and Development, alongside representatives of the General Syndicate of Fishermen, to review the proposed National Strategy for Marine Fisheries covering the period 2027–2037.
The discussions focused on strengthening the sustainable use of Libya’s marine resources while positioning the fisheries sector as a more prominent driver of national economic diversification beyond oil dependence. Officials examined policy frameworks aimed at improving sector efficiency, expanding production capacity, and attracting investment into marine fisheries and aquaculture.
The strategy is designed to align with broader national development priorities over the coming decade. Key targets outlined in the plan include raising seafood export value to around US$100 million annually in the initial phase, increasing aquaculture output to 50,000 tonnes per year, and scaling up to 100,000 tonnes by 2037.
The strategy also seeks to raise the contribution of the blue economy to between 3 and 5 per cent of non-oil GDP, while generating an estimated 10,000 to 15,000 direct and indirect jobs. Authorities say the initiative reflects a strategic shift toward leveraging Libya’s Mediterranean coastline as a long-term economic asset, with emphasis on sustainability, value addition and structured investment in marine industries.
