A ceremony to mark the completion of the first phase of infrastructure projects in the Misrata Free Zone (MFZ) was held last Saturday in the presence of the Prime Minister, accompanied by several ministers, ambassadors, representatives of diplomatic missions and senior guests.
Tripoli-based Libyan Prime Minister, Abd Alhamid Aldabaiba stressed the importance of this project as the gateway to Africa, calling on the private and public sector to intensify efforts and support the MFZ which is free from tax and customs restrictions to compete with other free zones.
He called on those in charge of the Ministry of Economy to submit proposals and issue regulations that help the MFZ to perform its tasks smoothly and easily, stressing the government’s insistence and support for all projects that create opportunities for youth and reflect positively on the local economy. He also indicated that the real place for investment is the MFZ because it is the future of the economy.
Developing strategic plan for establishing and activating the MFZ and transit trade
The Undersecretary of the Ministry of Economy for Free Zones Affairs, Nuri Gatati, stressed that the Ministry of Economy is working on developing a national strategic plan for establishing and activating the free zone and transit trade by linking it with lines to cross to the south, stressing that the success of the zone depends on providing the requirements because it is a delicate issue.