The Minister of African Affairs in the Libyan Parliament-designated government, Eissa Mansour discussed the anticipated role and significance of the Benghazi Free Zone project, with a delegation from the region.
The project will support the national economy by facilitating intra-trade and the flow of goods, connecting Libya strategically with neighbouring countries.
“Ensuring the success of the project is crucial to serving Libyan interests, enhancing its international, regional, and continental role,” he said.
The minister affirmed that the project aims to attract foreign investments, and create new employment opportunities.
Last month, 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.
Earlier in November, 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.