Misrata Free Zone (MFZ) has presented an initial concept for the “Oil and Petrochemical Tank Terminal” project. This project, it says, is one of the most prominent strategic investment initiatives that will enhance the region’s attractiveness to both local and foreign capital.
It will solidify MFZ’s position as a pivotal economic and commercial hub in Libya and the Mediterranean region, it added.
This presentation took place last Sunday (12 April) during a comprehensive technical meeting attended by Mohsen Mohamed Al-Sagoutri, Chairman of the Management Committee; Abdul Basit Al-Dawadi, Chairman of the Libyan Islamic Bank; Ayman Al-Darwish, Director General of the Free Zone; the Director of the Port Authority; and directors of investment, technical affairs, and representatives from both institutions.
The project aims to establish a fully integrated petrochemical tank terminal complex on a large area, adhering to the highest international standards.
MFZ said the project represents a qualitative leap in developing the investment environment and logistical infrastructure within the Free Zone. It is expected to contribute to revitalizing economic activity, expanding international cooperation, and strengthening Misrata’s position as a leading commercial and investment hub in Libya.
The Misrata Free Zone Authority confirmed that this project is part of a comprehensive strategic vision aimed at diversifying national income sources, attracting strategic partners, and building an attractive and sustainable investment environment that supports economic growth and enhances Libya’s competitiveness in the region.
