Expanding Misurata free zone: Libya to sign USD2.7bn partnership

TRIPOLI: Libya will on Sunday sign a strategic partnership with international firms to expand and develop the Misurata Free Zone, attracting an estimated USD2.7 billion in investment, Prime Minister Abdulhamid Dbeibah said on X.

The agreements, which would be signed with Qatari, Italian and Swiss companies, would help the project generate operating revenues estimated at around USD500 million annually.

“This project not only enhances Libya’s position among the region’s largest ports in terms of size and capacity, but it also relies on direct foreign investment within a comprehensive international partnership,” Dbeibah said.

Dbeibah said this partnership also reflects the government’s commitment “to attracting productive external financing to stimulate the economy, modernize infrastructure, and transform state assets into platforms for sustainable returns.”