Muhammad Al-Huwayj
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Muhammad Al-Huwayj
Muhammad Ali Al-Huwayj ( ar, محمد علي الحويج) is a Libyan politician who served as Secretary of Finance of the General People's Committee of Libya from 2004 to 2006 and from 2007 to 2009. He replaced former GPCO Secretary of Finance, Dr. Ahmed Munaysi Abd-al-Hamid. Activities Since sanctions against Libya were eased in April 2004, Al-Huwayj has attempted to attract foreign investors and accelerate a domestic privatization campaign. For example, in 2005 Al-Huwayj argued, "with a GDP of USD $21 billion and a relatively small population of 5.8 million people, Libya is a wealthy country. Libya has no financial problems, almost no foreign debt and is the most stable country in the region." Other activities Before becoming a minister, Al-Huwayj was head of the Libyan Arab Foreign Investment Company (LAFICO). Al-Huwayj is also on the board of directors for the Libyan Investment Corporation (LIC), which was established in 2007 as a holding company with a mandate to manage sta ...
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Libya
Libya (; ar, ليبيا, Lībiyā), officially the State of Libya ( ar, دولة ليبيا, Dawlat Lībiyā), is a country in the Maghreb region in North Africa. It is bordered by the Mediterranean Sea to the north, Egypt to Egypt–Libya border, the east, Sudan to Libya–Sudan border, the southeast, Chad to Chad–Libya border, the south, Niger to Libya–Niger border, the southwest, Algeria to Algeria–Libya border, the west, and Tunisia to Libya–Tunisia border, the northwest. Libya is made of three historical regions: Tripolitania, Fezzan, and Cyrenaica. With an area of almost 700,000 square miles (1.8 million km2), it is the fourth-largest country in Africa and the Arab world, and the List of countries and outlying territories by total area, 16th-largest in the world. Libya has the List of countries by proven oil reserves, 10th-largest proven oil reserves in the world. The largest city and capital, Tripoli, Libya, Tripoli, is located in western Libya and contains over ...
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