By Sami Zaptia.
London, 29 December 2021:
The Libyan government published decree (7/2021 ) dated 22 December 2021 regarding the establishment of a free investment zone of a special nature called (the Special Economic Zone, Wadi Al-Harir, Libya) with legal personality and independent financial disclosure under the provisions of law No. 14/2010.
The text of the decision stated the boundaries of the established area as follows:
To its east: Bin Shuaib area
To its north: private lands
To its west: Al-Wattia Airport
To its south, Al-Katra area
The zone aims to create a distinct investment environment that attracts and develops local and foreign investments, in addition to strengthening the national economy and achieving comprehensive development.