Muhammad al-Huwayj

ENG: Muhammad Ali Al-Huwayj (Arabic: محمد علي الحويج‎) is a Libyan politician who served as Secretary of the General People's Committee of Libya for Finance. He replaced former GPCO Minister of Finance, Dr. Ahmed Munaysi Abd-al-Hamid. Since sanctions against Libya were eased in April 2004, Al-Huwayj has attempted to attract foreign investors and accelerate a domestic privatization campaign. For example, in 2005 Al-Huwayj argued, "with a GDP of USD $21 billion and a relatively small population of 5.8 million people, Libya is a wealthy country. Libya has no financial problems, almost no foreign debt and is the most stable country in the region." Before becoming a minister, Al-Huwayj was head of the Libyan Arab Foreign Investment Company (LAFICO). Al-Huwayj is also ...