2021 ended on a positive note for Libya. December witnessed a number of undertakings that would help enhance the position of Libya and establish it as a hub in the global trade chain. The government approved the establishment of the EMRSA free zone which is a zone linked with the port of Benghazi. The zone was supported by a MoU between Libya and Sudan to encourage the development of a highway that runs and links the city of  Alkofra in the south east of Libya and Darfur of Sudan.

Furthermore, the government approved a special economic zone in the west part of Libya located just 90 km south of the port of Zowara , close to border of Tunis. The objective of the zone is to attract international investors to relocate their activities or part of them to Libya though incentives such as tax exemptions amongst others. The zone would be a instrumental is increasing the traffic at the port of Tripoli and Zowara, as well as creating the potential of establishing a new container terminal at Zawia city which is located just around 30 km north of the approved zone.


Leave a Reply

Your email address will not be published. Required fields are marked *