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Home Business

UAE’s Emaar signs agreement with NDA to develop Benghazi Downtown and Elmreisa Free Zone

bySami Zaptia
August 15, 2024
Reading Time: 1 min read
A A
Libyan eastern government to build 300k bpd Tobruk refinery with foreign investors on BOT basis

Benghazi Chamber of Commerce reported today that UAE’s Emaar signed a contract with the (Hafter managed) National Development Agency to design and implement the new Benghazi ‘‘Downtown’’ project and the Elmreisa Free Zone (EFZ).

The EFZ would become ‘‘the largest free zone in the North Africa’’, Benghazi Chamber of Commerce reported. Several other projects were also discussed, the report said.

The EFZ, Benghazi Chamber of Commerce reported, would contribute to providing more than 40,000 job opportunities, as well as settling more than 500 small and medium sized enterprises and enhancing transit trade opportunities between Africa and Europe.

This, it continued, would support and encourage investment opportunities, trade and industrial exchange, and economic growth at the local and international levels.‎

 

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Tags: BenghaziElmreisa Free Zone EFZEmaar properties UAENational Development Agencyproject projectsUAE Emirati

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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.

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