Bloomberg: Erdogan is aiming at $18 billion in Libya
July 10, 2019, 6:12 am

Bloomberg: Erdogan is aiming at $18 billion in Libya

The Bloomberg news agency reported that Turkey, under the leadership of president Recep Tayyip Erdogan and through its intervention in Libya, is vying for control over a number of "concessions"; oil, gas and reconstruction projects.

Bloomberg pointed out that Ankara's main goal in backing the militias of Tripoli and its political allies is to ensure that it will eventually resume reconstruction projects worth about $18 billion in Libya.

"These hidden economic ambitions in the region are beginning to unfold," explained the source.

By supporting these militias, Ankara is also trying to secure more leverage in the scramble for oil and gas in the Mediterranean; especially in a country that is home to Africa's largest proven oil reserves.

Aqila Saleh, head of the Libyan Council of Representatives, addressed the United Nations and the African Union to put an end to the Turkish intervention in Libyan territory. He considered Ankara's interference in the internal affairs of the Libyan a threat to the national security of Libya and the Arabs.

The Libyan National Army has also confirmed more than once its seizure of Turkish weapons while they were being smuggled to the terrorist militias in Tripoli.

On the other hand, Turkey has blustered in the past few days to defend what it described as "its interests on Libyan territory" in case of any probable threats.

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
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Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”