Misrata Free Zone unveils concept for oil and petrochemical tank terminal project

The Misrata Free Zone MFZ has presented an initial concept for an "Oil and Petrochemical Tank Terminal" project. This initiative is considered a strategic investment to enhance the region's attractiveness for local and foreign capital, solidifying MFZ's role as a key economic and commercial hub in Libya and the Mediterranean. The presentation occurred during a technical meeting attended by Mohsen Mohamed Al-Sagoutri, Chairman of the Management Committee; Abdul Basit Al-Dawadi, Chairman of the Libyan Islamic Bank; Ayman Al-Darwish, Director General of the Free Zone; the Director of the Port Authority; and directors and representatives from various departments. The project aims to establish a fully integrated petrochemical tank terminal complex adhering to international standards. MFZ states that this project will significantly develop the investment environment and logistical infrastructure within the Free Zone, stimulating economic activity, expanding international cooperation, and strengthening Misrata’s position as a leading commercial and investment center in Libya. This project aligns with MFZ's comprehensive strategic vision to diversify national income sources, attract strategic partners, and foster a sustainable investment environment that supports economic growth and enhances Libya’s regional competitiveness.