The Board of Directors of the **Libyan Cooperative Company for Industrial Zones Management and Urban Development** held a meeting chaired by **Eng. Mohamed Miftah Al-Ajil**, with the attendance of the Board members.
A joint meeting was also held with the Board of Directors of the **Takaful Libya Investment Fund**, which is affiliated with the Cooperative Company and has received preliminary approval. During these meetings, several strategic steps for the upcoming phase were approved.
**Key resolutions included:**
- Calling for the Ordinary and Extraordinary General Assembly meetings to be held during the second half of November 2026.
- Proposing an increase in the company's share capital to **LYD 1 billion**, subject to approval by the General Assembly.
- Completing the establishment procedures for the company's investment fund, with a capital of **LYD 1 billion**, following its preliminary approval.
- Officially commencing the development of the company's first industrial zone and a model urban development zone as part of its strategic projects.
**The next phase marks the beginning of actual implementation, investment, and the establishment of a new model for industrial zones and urban development in Libya.**
