Misrata Free Zone (MFZ) announced yesterday that China’s Wangkang Holding Group announced the establishment of its first company in Libya.
The company, which operates in the field of ceramics and sanitary materials, announced the establishment of the “Al Sharq” company as its first investment activity on Libyan soil, and chose MFZ as its headquarters. Its leading ceramic brand is the Goodwill brand.
Wang Kang Group is active in several Asian, African, European and American countries, as it owns a group of factories and companies in addition to its main activity in China and is still working to expand its investments and activities around the world.
In Africa and the Middle East
Wangkang Group has established six companies and five large ceramic tile factories in Nigeria, Ghana, Tanzania, Uganda, Saudi Arabia and Iraq. It reports that the African subsidiaries account for 25 percent of African ceramic tile production capacity. Its Saudi Arabia ceramic tile factory is under construction with an investment of US$ 200 million.
Why MFZ?
MFZ reported that the choice of MFZ as the headquarters of Wangkang’s first companies in Libya came due to MFZ’s advantages in terms of location, work systems, and the efforts exerted by the MFZ’s administration in providing the best possible environment for investors from all over the world.
