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Home Business

LBC signs MoU with Industrial Zones Authority in Benghazi

bySami Zaptia
June 5, 2025
Reading Time: 1 min read
A A
LBC leading delegation to Miami for America’s Food and Beverage Show – 18 to 20 September

The Libyan Business Council (LBC) reported yesterday that it, through its members’ Cooperative Company for the Management of Industrial Zones, had signed a memorandum of understanding last Tuesday (3 June) with the Industrial Zones Authority in Benghazi.

The LBC said this is a strategic step towards promoting industrial development in Libya aimed at developing four industrial zones within the first phase of the project, including the western-central-southern and eastern regions.‎

‎The signing ceremony took place in the presence of several members of the House of Representatives and a member of the founding committee of the Industrial Development Fund, which the Libyan Businessmen Council has started to establish to finance industrial zone projects.‎

‎The LBC said the official executive contracts are scheduled to be signed immediately after the Eid Al-Adha holiday (6-8 June), after which the actual implementation stages of this project would commence.

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It added that this project is one of the most prominent engines supporting the national economy and enhancing the industrial infrastructure. ‎

Tags: Industrial Zones Authoritylbc libyan business council

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