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Elmreisa Benghazi Free Zone to invite foreign investors early 2018

Speaking at the Libya Investment Summit 2017 in Istanbul last week, the Nasser Najem, Director of the Elmreisa Free Zone (EFZ) said that the EFZ is expected to be ready to offer investment opportunities early next year.

He admitted that the situation in Libya had held the progress of the EFZ back, but he felt that despite this the project was able to make huge strides.

The 1,200-hectare free zone project, designed by British company Mott Macdonald, is divided into eleven sectors with eight sector-specific investment zones. The eight investment sectors are: financial; tourism; transformative industry; industry; oil; media; port and smart city. The remaining three sectors are the EFZ administration site, power and water utilities and the sewage treatment site.

[libyabusiness]


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