Libyan Investment Authority
| Company type | State-owned |
|---|---|
| Industry | Sovereign wealth fund |
| Founded | August 28, 2006 |
| Headquarters | Tripoli, Libya |
| Products | Financial Investments ,Fund management Oil and gas |
| Subsidiaries | Libyan Foreign Investment Company Oilinvest Libyan Africa Investment Portfolio Libyan Internal Investment and Development Fund Long-Term Investment Portfolio |
| Website | lia |
The Libyan Investment Authority (LIA; Arabic: المؤسسة الليبية للاستثمار) is a government-managed sovereign wealth fund and holding company headquartered in Tripoli, Libya. It was established on August 28, 2006, by Decree 208 of the General People's Committee of Libya (GPC), after the lifting of economic sanctions that had previously precluded foreign investment in Libya. The LIA oversees and manages investments in various areas including agriculture, real estate, infrastructure, oil and gas and in shares and bonds. It is Africa's largest sovereign wealth fund. The fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds. As of 2019, the date of its last valuation, the fund owns US$68 billion in assets.