The Libyan Investment Authority (LIA) is a government-managed sovereign wealth fund and holding company headquartered in Tripoli, Libya, established on August 28, 2006 by Decree 208 of the General People's Committee of Libya following the lifting of economic sanctions that had previously barred foreign investment in the country. It manages investments across agriculture, real estate, infrastructure, and oil and gas, is a member of the International Forum of Sovereign Wealth Funds adhering to the Santiago Principles, and is described as Africa's largest sovereign wealth fund, controlling about 68.4 billion US dollars in assets as of its last valuation in 2019.
Facts
Founding Year Founding Date Headquarters Geography
Country or Jurisdiction ServedWikidata Q973454, property P17 (country). Classification
Institution Subtype In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Libyan Investment Authority, Wikipedia
Purpose
The LIA was established in August 2006 to manage Libya's mounting oil revenue surplus
Lead paragraph, second sentence
It was established on August 28, 2006, by Decree 208 of the General People's Committee of Libya (GPC)
Lead paragraph, first sentence
is a government-managed sovereign wealth fund and holding company headquartered in Tripoli, Libya
Lead sentence
The Libyan Investment Authority (LIA; Arabic: المؤسسة الليبية للاستثمار) is a government-managed sovereign wealth fund and holding company headquartered in Tripoli, Libya.
View the Source2. Wikidata
Wikimedia Foundation- Country or Jurisdiction Served: Libya
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