Entrepreneur
Entrepreneur
Small and medium sized businesses are the backbone of the Libyan economy and will play an even more prominent role in employment creation and national innovation in the future. From his experience working alongside his father in the family’s construction business and as the founder of several successful businesses in Libya, Nayed knows firsthand the challenges Libyan companies face.
Nayed believes the significant barriers encountered by small and medium businesses navigating bureaucracy, accessing capital, and attracting sufficiently skilled workforces must be addressed immediately. He also believes that Libya must begin to make the tough decisions involved in adjudicating property rights disputes, privatizing key economic sectors, and determining the role foreign owned companies and foreign direct investment will play in Libya’s economy.
Entrepreneur
Small and medium sized businesses are the backbone of the Libyan economy and will play an even more prominent role in employment creation and national innovation in the future. From his experience working alongside his father in the family’s construction business and as the founder of several successful businesses in Libya, Nayed knows firsthand the challenges Libyan companies face.
Nayed believes the significant barriers encountered by small and medium businesses navigating bureaucracy, accessing capital, and attracting sufficiently skilled workforces must be addressed immediately. He also believes that Libya must begin to make the tough decisions involved in adjudicating property rights disputes, privatizing key economic sectors, and determining the role foreign owned companies and foreign direct investment will play in Libya’s economy.
Upon returning to Libya in 1998 after holding several international academic appointments, Nayed established Alada Mutkan, a family-owned technology company based in Tripoli, Libya which serves clients in the Arab region and Africa in the government, oil and gas, financial services, and transport sectors. His business grew into a thriving company, which represents 33 international partners, including Fortune 500 companies such as IBM and Oracle. Alada Mutkan implemented many of the technological systems that empower government service delivery and financial services in Libya.
Due to his passion for building the capabilities of young Libyans, Nayed implemented an intensive, rotational leadership development program to build the capabilities of young Libyan employees.
Nayed continues to mentor several junior employees as they have grown and reached positions of increased seniority within his company. In its leadership program, Alada stressed the leadership role of youth in society. For this reason, rising leaders must devote significant resources to building hospitals and schools in Libyan communities. In this way, Nayed’s company is contributing to the development of Libya while conducting business.
Aref’s Record Thus Far
As an Entrepreneur
- Aref Nayed believes strengthening public service delivery to be more responsive to citizens at the national and municipal level should be at the top of the government’s agenda
- Aref Nayed supports the development of institutions that will implement restitution and compensation mechanisms for confiscated private property to rebuild the economy
- Founded the Libya Institute for Advanced Studies, Libya’s first major private education and training institution to be established after the Revolution
- Aref Nayed emphasizes the need for better education and training and economic diversification to solve Libya’s youth unemployment challenge
- Aref Nayed Is leading the national conversation on how Libyan identity is defined and expressed
- Aref Nayed believes many of Libya’s current struggles wrongly portray governance and policy challenges as religious conflicts
- Aref Nayed highlights the Importance of accepting diversity of religious opinions in Libya’s emerging democracy
- Aref Nayed stresses the need to restore Libya’s traditional religious institutions
- Aref Nayed condemns the desecration of the Othman Pasha Madrassa and destruction of Libyan cultural heritage sites