Overseas
The Libyan Export Development Authority (LEDA)—recently reorganized under the direct supervision of Abdul Hamid Mohammed Dbeibeh, Prime Minister of the Government of National Unity—is emerging as one of Libya’s most dynamic tools to relaunch exports and diversify an economy historically reliant on energy products.
Following its transformation earlier this year, LEDA has expanded its strategic remit, becoming a bridge between institutions, local businesses and international markets.
In a country where over 90% of revenues still come from the energy sector, LEDA is a bet on the future: promoting agricultural, manufacturing and—above all—seafood exports, leveraging the natural resources of Libya’s Mediterranean waters and the potential of local SMEs. The task is not only to market exports but also to build trust in the “Made in Libya” brand. The goal is to bring to the fore a Libya that exports quality.
Among the most promising industries is fisheries—particularly the harvesting and export of the renowned (and high-value) red shrimp (Aristaeomorpha foliacea), considered one of the Mediterranean’s finest species. Caught in deep waters off Sirte, Misrata and beyond, this crustacean stands out for its intense flavor and premium flesh.
LEDA has launched a dedicated program to enhance seafood products, which includes technical assistance to fishing cooperatives to obtain international certifications (HACCP, ISO, EU Export Code), logistical support for cold-chain integrity and product preservation, bilateral agreements with importing countries such as Italy, Spain and Malta, and participation in international trade fairs like Seafood Expo Global.
According to preliminary data released by the Ministry of Economy, Libyan seafood exports grew by 27% in 2024, with even more encouraging prospects for 2025 thanks to new trade corridors promoted by LEDA.
LEDA’s work extends beyond promotion: the authority is supporting the creation of coastal industrial zones dedicated to seafood processing, aiming to generate local value-added and youth employment.
If current projects in the fisheries sector deliver as expected, Tripoli’s red shrimp could quickly evolve from a little-known local resource into a real competitor to the celebrated shrimp landed by Italian fleets—a shift that, in part, is already beginning to take shape.
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