Free Zone Proposed Near Libyan-Egyptian Border Crossing


The Egyptian Businessmen’s Association held extensive talks with a Libyan business delegation, to explore joint investment and trade opportunities.

The Libyan delegation proposed the formation of a joint committee, and the establishment of a joint Libyan-Egyptian bank.

It also suggested the creation of a logistics-free zone, near the Saloum border crossing, and implementing trade agreements.

The President of the Egyptian Businessmen’s Association emphasized the depth of relations, and highlighted numerous opportunities for a new beginning between the two countries.

Last week, the Deputy Head of Al-Bayda Municipal Council, Mabrouk Mazq hosted a delegation from Egypt’s Wadi EL Nile Development Company. The meeting aimed at kickstarting the reconstruction efforts in the city.

Discussions centered on several upcoming projects, including tackling traffic congestion by building bridges, opening new roads, and establishing health and administrative facilities.

Additionally, plans for new residential projects were on the agenda.

The meeting was attended by the Council’s Project Management Director, Majdi Al-Sukkari, Office Manager, Mohamed Bourweig, and Media and Social Advisor, Shaban Bourja.

The Wadi EL Nile company, known for its projects in Benghazi, has previously constructed three bridges, developed sewage networks, and created green spaces and parks. The company boasts a portfolio of successful projects in various countries.

In September, the Prime Minister of the Libyan Parliament-designated government, Osama Hammad discussed the reconstruction of Derna, during a meeting with representatives of Egyptian engineering companies in Libya.

The meeting was attended by Hatem Al-Arabi, the Chairman of the Benghazi Reconstruction and Stability Committee.
According to a statement by the government, Hamad stressed the necessity of initiating the reconstruction in Derna and its suburbs, after the completion of search and rescue operations.

He emphasised the need to expedite the projects in the city, due to their importance in providing services to residents of the affected areas.