Libyan Prime Minister Baghdadi Mahmudi has invited all the Iranian investors and economic entrepreneurs to participate in Libya's development projects.
Addressing a meeting of Iranian and Libyan investors and traders in Tripoli on Friday, Mahmudi added his country welcomes Iranian economic entities to establish joint companies with Libyan counterparts.
Iran''s Foreign Minister Manouchehr Mottaki who headed the Iranian economic delegation said the Islamic Republic of Iran and Libya will set up economic, political and cultural committees to promote bilateral ties.
"We hope that with the formation of these committees a new era of partnership will begin between the two countries," Mottaki said, IRNA news agency reported.
The two sides discussed the prospects of developing joint oil and gas projects and constructing factories, roads and hospitals.
Mottaki also met his Libyan counterpart Musa Kusa on Friday. Bilateral relations between the two countries and the recent developments in the international arena were among the issues discussed in the meeting.