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🛒 تسوق الآنMisrata Free Zone Signs Investment MoUs with Italian Trade Groups, Strengthening Libya-Italy Economic Ties
Misrata Free Zone Signs Investment MoUs with Italian Trade Groups, Strengthening Libya-Italy Economic Ties
Two MoUs signed in Rome aim to unlock millions in Italian investment into Libya's strategic Mediterranean hub
The Misrata Free Zone (MFZ) has signed two Memoranda of Understanding with major Italian industrial and trade organizations in Rome, marking a significant step in Libya's efforts to attract foreign investment and position itself as Africa's gateway to European markets.
The agreements were signed with the Italian Confederation of Industries for Africa and the Mediterranean (CIME) — the international arm of the Italian Confederation of Industries (CIE) — and the Libyan-Italian Joint Chamber of Commerce. The signing ceremony followed a major promotional forum in Rome on 9 July that attracted over 100 Italian companies.
Scope of the Agreements
According to MFZ officials, the MoUs establish an institutional framework for cooperation across multiple sectors including investment, trade, logistics, port development, and industry. The agreements are designed to attract Italian capital to the free zone, encourage joint ventures, and facilitate the exchange of economic expertise between the two countries.
Key provisions include the organization of economic forums and business matchmaking meetings, exchange of trade and investment delegations, joint workshops, and enhanced cooperation in institutional promotion. The framework aims to create a favorable environment for strategic partnerships between Libyan and Italian business communities.
Rome Forum Draws 100 Italian Companies
The MoU signing came on the heels of MFZ's investment promotional tour in Rome, where the zone's delegation held business-to-business meetings with representatives from over 100 Italian companies. The sessions operated under the banner "Misrata Free Zone: Africa's Gateway for Italian Companies."
Alaa El-Din Baba, MFZ's Director of Marketing and International Relations, told Libya Herald that the significant turnout reflects growing Italian private sector interest in the Libyan market. "We witnessed genuine interest from Italian companies in learning more about the investment opportunities available in MFZ," Baba said. "The business meetings provided an important opportunity to move from the initial introduction phase to discussing practical cooperation opportunities across various sectors."
Strategic Location as Africa's Gateway
Discussions during the forum highlighted promising opportunities in manufacturing, logistics, re-export, energy, and maritime industries. The MFZ delegation presented the zone's competitive advantages including its strategic Mediterranean location, advanced infrastructure, and investment incentives.
The free zone is positioning itself as a strategic platform for Italian companies seeking to expand into Libyan and broader African markets. This aligns with broader Libyan economic strategy to leverage its geographic position as a transit hub between Europe and Africa — a market of over 1.4 billion consumers.
Growing International Momentum
The Rome agreements add to a string of international partnerships secured by MFZ in recent months. In June, the Misurata Free Zone signed an MoU with the Port of Antwerp-Bruges on port development and logistics cooperation, including plans for a future bulk terminal. Additionally, MFZ has signed an agreement with Italian helicopter services company EliFly to develop vertical aviation infrastructure and technical training in civil aviation.
Senator Marco Scoria, President of the Italian Parliamentary Group "Friends of Libya," attended the Rome events alongside Italian Ambassador to Libya Gianluca Alberini, Libyan-Italian Chamber President Nicola Colicchi, and CIME Director General Patrizia Mauro, underscoring the high-level political backing for bilateral economic cooperation.
Implications for Libya's Economic Recovery
For Libya, these partnerships represent more than trade agreements — they signal renewed international confidence in the country's economic potential. The MFZ's proactive outreach to European investors demonstrates Libya's ambition to diversify its economy beyond hydrocarbons and rebuild its commercial infrastructure after years of instability.
If fully realized, the investment pipeline from these agreements could generate thousands of jobs in Misrata and surrounding regions, boost non-oil exports, and strengthen Libya's position in Mediterranean trade networks. The focus on manufacturing, logistics, and re-export aligns with the Government of National Unity's economic diversification goals.
— Libya Press / Economy Desk
