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Home Business

Forum discusses establishment of Zawia investment port and free zone

bySami Zaptia
March 4, 2023
Reading Time: 1 min read
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Economy Minister appointed chairman of divided PIB in reunification move by Serraj

(Logo: The Privatisation and Investment Board).

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A forum of businessmen and women in the western region discussed in Zawia today the establishment of the Zawia investment port and the free zone.

The Privatization and Investment Board (PIB) reported that it had attended the meeting based on an invitation by the Zawia Chamber of Commerce, Industry and Agriculture to participate in the forum.

The PIB reported that the forum was attended by its Director General, the Director of the Promotion and Cooperation Department, the Director of the Information Technology Office, and the Chairman of the Investment Map Committee, in addition to the Chairman and members of the Zawia Chamber of Commerce, Industry and Agriculture.

It added that on the side-lines of this forum, an expanded meeting was held that included businessmen and businesswomen in the western region to study the mechanism by which it aspires to establish the Zawiya port project, especially after the issuance of a decision by the government in 2012.

This discussion also came on the back of previous and ongoing meetings at the Ministry of Transport by defining the port construction project through a Build, Operate Transfer (BOT) metjod, or through local or foreign investment, which will be implemented through the PIB’s investment law.

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The meeting concluded the following:

  • An agreement to establish a legal body that includes business leaders and investment companies that wish to enter into the implementation of projects.
  • The submitted proposals will be studied and presented to the competent authorities in the coming period.
Tags: free zoneinvestment portPIB Privatization and Investment BoardZawia Chamber of Commerce
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