Tatweer Research was established in 2010 and is a commercially driven enterprise that promotes the creation of a Knowledge Economy in Libya. We operate through three integrated activities: research, development and consultancy. Our aim is to make Libya a global centre of excellence in high-tech R&D and solve global problems through faculties across environment, climate, energy, commercial transactions and medical technology industries.
We’re driven by a passion to rebuild Libya and see it prosper. We want to promote Libya’s private sector, help build a Knowledge Economy, support entrepreneurship, develop better prospects for Libyans and generate employment. Ultimately, we want Libya to be a positive contributor to solving global challenges.
A Knowledge Economy is one in which a significant proportion of a country’s wealth creation and productivity is driven by knowledge-based capabilities. These capabilities can range from high tech Research and Development to architecture, the creative and media industries. At Tatweer Research, we believe that by nurturing the talents of Libya’s best and brightest, and providing them with opportunities to work alongside international experts, we can create a future where the knowledge of our people is as valuable to our economy as our natural resources.
Our headquarters are in Benghazi.
Tatweer was established under Libyan private company law. We have a rigorous oversight and accountability structure which includes reporting to two boards: a General Assembly Board that consists of the Board of Directors of the Libyan Local Investment and Development Fund (LLIDF) and a Tatweer Board consisting of 5 directors.
The role of the General Assembly Board is to appoint suitably qualified and relevant people to the Tatweer Board of Directors and to approve Tatweer’s annual budget and drawdowns from LLIDF. The General Assembly Board is accountable to the LLIDF shareholders: the Libyan Investment Authority (LIA) and the Central Bank of Libya (CBL). It meets annually to approve the budget at an AGM. The Tatweer Board of Directors meets bi-monthly and is responsible for setting strategy, approving senior hires and monitoring the performance of the business.
Our finances are constantly reviewed by internal and external auditors. We have a zero tolerance policy towards corruption and are transparent in all our monetary matters. At all times our work is carried out with well-established and highly respected institutions and professionals.