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KS Autotrading of Korea opens branch in Misrata Free Zone, Libya
via Libya Herald1 min read
KS Autotrading, a Korean company specializing in vehicle trade and outfitting, has signed an investment agreement to open a branch in Libya's Misrata Free Zone MFZ. The signing ceremony was attended by MFZ Chairman Mohsen Al-Sagoutri and the Ambassador of Korea to Libya, Jang Ji-hak. This move is seen by MFZ as a reflection of increasing international confidence in its investment environment and a boost to foreign investment in the Libyan market. KS Autotrading offers a range of vehicles, including ambulances, passenger vehicles, and special-purpose vehicles, designed to meet the needs of both Libyan and African markets. The company's establishment in the MFZ is expected to enhance specialized services in the automotive and transportation sector, diversify investment activities within the zone, strengthen Libyan-Korean economic cooperation, and reinforce MFZ's role as a strategic gateway for foreign investment and a logistics hub for trade and re-export to African markets.
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