An Egyptian investment company has signed a major contract to establish the new “Qaminis Industrial City” in eastern Libya, marking one of the country’s most ambitious industrial projects as part of its ongoing reconstruction programme.
The agreement was signed by Dr. Ehab Al-Ayadi, Director of Al-Address Al-Awwal for Investment and Development, and Abdullah Al-Thanni, the General Commissioner of the industrial city, according to a company statement shared with Al-Mal newspaper.
The two sides stressed that the project represents a new stage in Libya’s industrial transformation, designed to attract both local and international investment, support innovation, and bolster the country’s economic independence. The initiative aligns with Libya’s wider vision to rebuild its industrial base and strengthen its national economy after years of conflict.
The company noted that Egypt’s participation in the Qaminis Industrial City comes as part of its commitment to supporting Libya’s reconstruction and reinforcing strong bilateral ties between the two neighboring countries.
Libya previously inaugurated the Qaminis Industrial Zone, located west of Benghazi, which is considered the largest of its kind in Libya and across the African continent. The zone includes the planned industrial city, deemed one of the country’s most strategic development projects.
Through this venture, Libya aims to attract significant foreign and regional investments over the coming years and open major new opportunities in manufacturing, logistics, and industrial innovation.
The project is also expected to advance the government’s efforts to localize industries, strengthen the national industrial sector, expand infrastructure, and generate thousands of job opportunities for Libyan youth—supporting long-term economic stability and sustainable development.