In a significant strategic move to support Libya’s economy and build a promising future, Baker Global Advisory and its local agent "Streamline" have announced the signing of a cooperation agreement with ElRayan Holding Company, one of the leading investment entities in Libya.
Baker Global Advisory has vast experience in supporting sovereign governments and local businesses who are in the early stages of their international growth, helping them develop assets, relationships, connections, and partnerships.
This collaboration includes providing economic and financial consulting, as well as managing strategic projects in sectors such as agriculture, healthcare, infrastructure, oil, and telecommunications. These efforts aim to drive development and enhance political and economic stability in Libya.
The agreement was signed between Mr. Douglas Baker, Principal and Founder of Baker Global Advisory, and Mr. Faraj Khalifa Al-Barassi, Chairman of ElRayan Holding Company.
Dr. Mohamed Maghraby who leads Middle Eastern region for Baker Global Advisory, affirmed that this partnership aligns with their vision of connecting Libya to global networks of planning, financing, and implementation. It leverages Global Advisory's extensive international expertise and its close relationships with decision-makers in the region.
Eng. Ahmed Al-Bairah, CEO of ElRayan Holding, welcomed the partnership, emphasizing that its goal is to implement real projects on the ground that benefit the Libyan people and enhance the country’s stability and economy.
He noted that this partnership paves the way for a genuine transformation in Libya’s investment landscape and reflects the parties’ belief in Libya’s ability to rise again through smart planning, responsible financing, and world-class project management.
Eng. Mohamed Essam, CEO of Streamline, highlighted the significance of the event, stating:
"We believe Libya holds tremendous potential. The time is right to jumpstart development, attract international financing, and provide integrated solutions to rebuild the Libyan state on modern foundations."
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