Minister of Economy commends TransSahara/Tadawul’s new Innovation Centre

Libya’s Minister of Economy and Trade, Mohamed Al-Hwej, commended the new Innovation Centre inaugurated today in Tripoli by Trans Sahara and the Tadawul Financial Group (both private companies and part of the HB Group).

The Minister was giving the keynote speech at the launch event for the Innovation Centre in the presence of the Director General of the Economic and Social Development Council, representatives of commercial banks, several foreign diplomatic missions to Libya, and a group of business leaders, investors and interested parties.

In commending the new venture, the Minister praised the efforts of companies and their national workforce of administrators and engineers in charge of its implementation. He highlighted the event as part of Libya’s continuing digital and financial transformation and efforts to keep pace with information development. He admitted that Libya’s banking sector was slow and needed much updating.

The Minister said the event launch was the basis for the establishment of the modern state and the elimination of administrative and financial corruption in the traditional administration, noting that this step supports the state in moving towards a knowledge economy with national cadres with the ability to lead Libya to its next dev