{"id":660463,"date":"2025-02-12T00:00:00","date_gmt":"2025-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/12\/egypt-to-invest-usd-250-mn-setting-up-two-industrial-zones-in-libya\/"},"modified":"2025-02-12T00:00:00","modified_gmt":"2025-02-12T00:00:00","slug":"egypt-to-invest-usd-250-mn-setting-up-two-industrial-zones-in-libya","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/12\/egypt-to-invest-usd-250-mn-setting-up-two-industrial-zones-in-libya\/","title":{"rendered":"Egypt to invest USD 250 mn setting up two industrial zones in Libya"},"content":{"rendered":"

<\/span><\/p>\n

Egypt to establish two industrial zones in Libya:<\/strong> Egypt is moving forward with plans to set up two industrial zones in Libya with investments of USD 250 mn, member of Federation of Egyptian Industries\u2019 Arab Cooperation Committee Alaa Nasr told EnterpriseAM, explaining that 22 local players have already expressed interest in setting up shop in the new zones and more are expected to follow in their footsteps. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

As things stand: <\/strong>The Egyptian side has secured a 1.2 mn sqm plot to set up the zones on, he said. <\/p>\n

We knew this was coming: <\/strong>Last October, Benghazi hosted a delegation from the Federation of Egyptian Industries for the Libyan-Egyptian Industrial and Trade Forum<\/a>, during which Omar Abdel Aziz, Head of the FEI\u2019s Foundries Division said he is setting up an industrial complex in Tripoli with Wazan for Steel and Metal Company, as well as another complex in Benghazi.<\/p>\n

Just scratching the surface: <\/strong>The two zones top the list of agreements signed during the visit, which you can check out in detail in our coverage of the story here<\/a>. <\/p>\n

How will it work? <\/strong>Local investors looking to enter the Libyan market are in the process of setting up a JV to facilitate partnerships with Libyan players, committee head Mohamed El Bahy told EnterpriseAM. <\/p>\n

Key sectors: <\/strong>While the 22 local players interested in setting up factories in the new zones span various sectors, some of the most notable include steel, chemicals, wood, furniture, lighting systems, and engineering industries, El Bahy said. <\/p>\n

We know one of the companies involved: <\/strong>Plastics and acrylic manufacturer Rubex<\/a> is one of the local players setting up shop in the Libyan industrial zones, according to an EGX disclosure (pdf)<\/a>. The company will also start taking the necessary steps to set up a branch in the neighboring country.<\/p>\n

Why Libya? <\/strong>Libya offers an investment-friendly environment, on top of its extremely cheap energy prices, making it an attractive investment destination for energy-intensive industries like iron, cement, and ceramics, El Bahy told us last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Some 22 Egyptian companies are eyeing the projects in the zones, with more expected to join<\/p>\n","protected":false},"author":1,"featured_media":660464,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[72,125,220],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-investment-watch","tag-libya","wpautop","entry"],"acf":{"mongo_id":"623360c0-d595-4ace-ba9d-796a898b02ae","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1182.jpg","photo_position":"above","homepage_title":"Egypt to invest USD 250 mn setting up two industrial zones in Libya","full_issue_title":"Egypt to invest USD 250 mn setting up two industrial zones in Libya","related_issue":[660455],"teaser":"Some 22 Egyptian companies are eyeing the projects in the zones, with more expected to join","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.15a186a3-3775-4659-9b04-d48f67e83be6.mp3"},"yoast_head":"\nEgypt to invest USD 250 mn setting up two industrial zones in Libya - 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USD 733 mn for Cairo Metro Line 4","author":"enterpriseam admin","date":"1 May 2023","format":false,"excerpt":"Fumio Kishida expressed interest in infrastructure + renewable energy investment","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/wp-content\/uploads\/2023\/05\/Sisi-Fumio-1920.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602643,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/libya-bans-egyptian-onions-talks-with-saudi-over-crop-ban-expected-this-month\/","url_meta":{"origin":660463,"position":5},"title":"Libya bans Egyptian onions, talks with Saudi over crop ban expected this month","author":"enterpriseam admin","date":"2 April 2019","format":false,"excerpt":"Libya doesn\u2019t want our onions: Libya has banned imports of Egyptian onions due to high levels of residual pesticide, Agriculture Ministry sources told the local press. Libyan authorities have yet to directly contact the Egyptian government about the decision, the sources say. The ban comes about a week after the\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=660463"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660463\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/660455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/660464"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=660463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=660463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=660463"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=660463"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=660463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}