Elmreisa Free Zone

January 2017 www.efz.com.ly

Elmreisa: Background Information

Vision & Mission

Values & Objectives

Concept & Importance

Proposed Clusters for Elmreisa Free Zone

Indicators of Success

Maps & Layout

Elmreisa Free Zone is approximately

1,200 hectare site, located 20km

South-West of Benghazi’s city.

2007, the ministry board declared it as

a free zone, resolution no. 744.

2012, the ministry board issued a

resolution to form the board of

directors, resolution no.430.

Benghazi

2013, the minister of economy

issued a resolution to setup the

founding committee, resolution no.

372.

2013, the board of directors declared

assigning a General Manager to

Elmreisa Free Zone.

Resolution no. 9 for the transit trade

& free zones as well as its executive

rule that organizes the work of free

zones.

Vision

To be a leader of trade in Libya and in the Mediterranean

region in addition to create a diverse knowledge economy.

Mission

Libya is a promising country, rich with its human resources,

natural resources and its location.

Values

Transparency in procedures, friendly environment

Attracting the local and foreign investors;

Localizing the exporting industries;

Attracting technology and gaining contemporary

administrational skills;

Generating employment national opportunities and

developing skills;

Regional development and linking between the industries

that are located within the free zone and the local

economy.

The multi specialised free zones are considered one of the most

developed free zones now, due to diversity in sectors (trade & commerce,

financial, scientific, tourism, transit, etc.) Each sector invest in certain

activities and together they form an integrated system for attracting the

investors.

Elmreisa free zone has considered the above, hence, Elmreisa has been

designed uniquely to contain a chosen activities. Such as, trade,

transshipment, industrial activities, exhibitions, tourism, hospitality,

services, finance, technology, media and transit. All participates in

creating the right environment for attracting investors, foreign & local

capital that increases the Libyan economy and Benghazi’s in specific.

The economic feasibility study prepared by the Research Center for

Economic Science predicted that Elmreisa free zone will generate

approximately 40000 direct job opportunity and more than 500 small &

medium project.

The economic feasibility study recommended to corporate with an

international expert organizations regarding the divisions that the free zone will

have:

1. Port, Trading and Transshipment Cluster

The total space is 240 ha, includes the sea fill that will take place to establish

Elmreisa port, it also comprise yards for storing the goods. It is expected it

will be a leading cluster in free zone for transit trade and reshipping.

2. Industrial Cluster

The total land is 510 ha, divided into 3 industrial clusters: food processing

(220 ha), general (165 ha) and oil industry (125 ha).

3. Hospitality and Conference Cluster

Its land space is 135 ha, includes services area, exhibitions, hospitality,

resorts and restaurants.

4. Technology Cluster

The total land space is 160 ha, includes internet city, educational city and

research center for technology transfer, which is expected to participate in

localizing many international educational organisations and institutes in the

Middle East and Africa.

5. Media Cluster

Its space around 20 ha and includes studios, cinemas and anticipated to be

a lead center in the Middle East and North Africa in media production.

6. Financial Cluster

The total space is 50 ha, and will include some branches of the major

banks, funds an other financial organizations.

Libya has a distinctive strategic location. Many studies indicates that it is

possible to create an investment environment to become as the seed to

establish a market in Libya between Africa and Europe. Due to its strategic

location, Libya is qualified to be a gateway for North Africa that is in front of

the Mediterranean and a pass way for the transit trade with the land locked

African countries. These countries are considered as a supporter for the

exporting and importing through the Libyan ports. Hence, establishing

Elmreisa port with high qualifications and features will enable Benghazi from

playing a lead role in the trade of Mediterranean.

The indicators of trade of the Mediterranean shows the importance of

establishing Elmreisa Free Zone. Between 1995-2014 there were a high

increase of the international trade indicator (in the coming and the outgoing

goods) of African countries specially those who are land locked. The total

trade of Africa used to be duplicated each 4 years. This increase ensures that

Elmreisa free zone has a chance in playing a vital role in the growth of the

international trade for these countries through it.

The Mediterranean has 29% of the total trade internationally with annual

rate 8%, according to the statistics of international trade organization

between 1995 - 2005.

The trade of Africa with the rest of the world has increased rapidly during

2000-2005. The incomings to Africa reached 249.3 billion USD in 2005,

while the outgoings reached 297.7 billion USD. European union is

considered as the most important trade partner for some African countries.

The statistics indicates that more than 71% from the incomings of Africa are

by the European union and around 57% from the outgoing of Africa are to

the European Union.

The trade of the European union focuses on the North, west and African

countries. This region has 86% from the African trade movements with the

European union, while the rest of trade with the other countries is only 14%.

Thank you for your attention