Elmreisa Free Zone January 2017 www.efz.com.ly Elmreisa: - PowerPoint PPT Presentation

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 Benghazi a free zone, resolution no. 744.  2012, the ministry board issued a resolution to form the board of directors, resolution no.430.

 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%.

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