Qaddafi’s Son Plans on Investing in American Companies
Seif al-Islam el-Qaddafi, son of Libyan leader Moammar al-Qaddafi, has said that Libya would like to begin a new chapter in relations with the United States by reaching into major government funds to invest in American businesses, while also sending thousands of Libyan students to American universities.
The leader’s son said that he is interested in investing Libya’s sovereign wealth fund, a government-owned investment fund with nearly $100 billion, in American businesses, despite the current international economic situation.
He is also promoting education links with the United States, and has hopes of signing a cultural and educational agreement by next month. He plans on sending thousands of students to America, and discussing the probability of establishing branches of American universities in Libya.
In an interview, he stated that he plans to move away from the one man rule of his father to a constitutional democracy as a part of Libya’s modernization process. He hopes for democratic elections as early as next September, on the 40th anniversary of the revolution that brought his father to power.
Seif al-Islam el-Qaddafi, having met with a variety of administrative officials including Secretary of State Condoleezza Rice, has been a primary figure developing strong relations with the United States.
Roy Dickson
