No Result
View All Result
Saturday, December 2, 2023
22 °c
Tripoli
19 ° Sun
18 ° Mon
18 ° Tue
18 ° Wed
  • Advertising
  • Contact
LibyaHerald
Advertisement
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Misrata gets one-stop shop for foreign investors

byNigel Ash
February 4, 2013
Reading Time: 2 mins read
A A
12
SHARES
50
VIEWS
Share on FacebookShare on Twitter

Tripoli, 4 February 2013:

Part of Libya’s drive to attract foreign investors includes the creation of  ‘Invest In Libya’ one-stop shops with . . .[restrict]the local powers to sort out new projects and speed their way through a cumbersome bureaucracy.

Misrata has become the second city, after Tripoli to establish such an office to fast track overseas investments.

Louai Ben Sasi,  the local director of the General Authority for Investment Promotion and Privatisation Affairs (Central Region), told Libya Herald said that the decentralisation of powers represented by the new dispensation was going to make a big difference.

“The Misrata office of the GAIPPA was set up in 2008. But we had nothing to give foreign investors. We worked as a post office. We just wrote out forms and sent them to Tripoli and waited. Now we can make the decisions. We can give licences. We can give letters for tax and customs arrangements. We can do everything.”

RELATED POSTS

‘‘Sustainable Entrepreneurship’’ event in Benghazi concluded

The First International Mining Exhibition and Forum, Benghazi – 26 to 28 November

While admitting that promoting foreign investment in the current security climate was a hard sell, Ben Sasi said that there were three projects in the pipeline.

“Corinthia Hotels from Malta are working on a beach resort called ‘The Waterfront’, on land that has been allocated by Misrata. Saudi investors are looking at building a shopping mall and a Turkish concern wants to build a factory near the LISCO iron and steel works, to use some of its output in manufacturing.”

Ben Sasi added that though the degree of assistance that could be extended was slightly different, his office was also empowered to work with local Libyan investors.

Economy Minister Mustafa Mohammed Abufunas was on hand for the ceremony launching the Misrata One-Stop Shop.  Tomorrow, Tuesday, Benghazi will be opening one of its own. A fourth window for investors is planned for Sebha, where, says Ben Sasi, there is a clear need for job-creating projects. However for the moment foreign investors interested in the city are being guided by the Tripoli One-Stop Shop. [/restrict]

 
Tags: Benghaziforeign investmentLouai Ben SasiMisrataOne-stop shopSebhaTripoli
Share5Tweet3Share1

Related Posts

The International Forum & Exhibition for Free Zones – Misrata: 28 to 29 June at Misrata Free Zone
Business

Misrata Free Zone signs MoU with Antwerp port

November 30, 2023
Libya and Shell discuss several areas of cooperation
Business

Minister of Oil discusses return of Chinese companies with Chinese Chargé d’Affaires

November 30, 2023
Workshop on PPP investment in oil and gas – Tripoli, 20 to 21 November
Business

LCOGRE releases its workshop recommendations for increased private sector participation in oil sector

November 30, 2023
Economy Minister Hwej reviews his ministry’s implementation of its 2023 plan and issues several directives
Business

Economy Minister Hwej meets committee to determine the gap between supply and demand for foreign currency and strengthen the Libyan dinar

November 29, 2023
Raqameyon launches pilot tech education platform to digitise primary education in Libya
Business

Raqameyon launches pilot tech education platform to digitise primary education in Libya

November 29, 2023
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

Tourism Ministry participates in Tunisia Entrepreneurship Forum, emphasizes opportunities in Libyan tourism

November 29, 2023
Next Post

Imports from Turkey rocket

Libyan businessmen sold on Portuguese food fair

Libyan businessmen sold on Portuguese food fair

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • LBC signs MoU at Arab-British Economic Summit in London

    LBC signs MoU at Arab-British Economic Summit in London

    176 shares
    Share 84 Tweet 38
  • NOC chairman Bengdara hosts the influential Economic Salon, reforms discussed and some agreed – an expanded meeting to be held

    123 shares
    Share 55 Tweet 28
  • Over 25,000 e-stores with turnover in hundreds of millions operating in Libya without licence

    69 shares
    Share 28 Tweet 17
  • LIA frees its last French-based assets under court seizures

    69 shares
    Share 28 Tweet 17
  • Sahel-Saharan Summit in Tripoli discusses challenges of labour, migration and ways to confront them

    66 shares
    Share 26 Tweet 17
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

UNDP training lawyers to implement legislation and safeguard the democratic processes

Misrata Free Zone signs MoU with Antwerp port

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?