Gharian Municipality announced Friday that its Rabata Iron and Steel Factory is making preparations to start production after a nearly nine-year hiatus.
It reported that the contract of cooperation and partnership to operate the factory was signed between the investor of the factory, the Libyan National Industrial Investment Company, and the Chinese company ‘‘Shanghai Fisin’’, in the presence of the Mayor Yousef Bedairi.
At the signing ceremony, Mayor Bedairi stressed the importance of the factory as it will stimulate the local economy, provide job opportunities for unemployed youth, activate several sectors and local economic activities, including heavy transport and trucks, which will be used to transfer production and provide materials.
