This article needs to be updated.(December 2012) |
Company type | State-owned |
---|---|
Industry | Sovereign wealth fund |
Founded | August 28, 2006 |
Headquarters | Tripoli, Libya |
Products | Financial Investments ,Fund management Oil and gas |
Website | lia |
The Libyan Investment Authority (LIA; Arabic: المؤسسة الليبية للاستثمار) is a government-managed sovereign wealth fund and holding company headquartered in Tripoli, Libya. It was established on August 28, 2006, by Decree 208 of the General People's Committee of Libya (GPC),[1] after the lifting of economic sanctions that had previously precluded foreign investment in Libya.[2] The LIA oversees and manages investments in various areas including agriculture, real estate, infrastructure, oil and gas and in shares and bonds. It is Africa's largest sovereign wealth fund.[3] The fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds.[4] In 2024, the fund has US$70 billion in assets under management.[5]
Libyan investment
was invoked but never defined (see the help page).