Magroun Industrial Zone launches new phase of industrial & investment partnership between China and Libya

Benghazi, Libya – A new era of industrial cooperation and investment between China and Libya has been inaugurated with the launch of the Magroun Industrial Zone. The agreement, signed in Benghazi on Tuesday between Libya's National Development Agency (NDA) and 13 Chinese companies, marks a significant step in the country's reconstruction efforts.

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Today, from the city of Benghazi, we announce the launch of a new phase of industrial cooperation and investment partnership between China and Libya.

A representative for the Chinese companies stated, "Today, from the city of Benghazi, we announce the launch of a new phase of industrial cooperation and investment partnership between China and Libya." They emphasized Libya's commitment to rebuilding, developing local industries, and reducing dependence on foreign products.

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Libya is making every effort toward reconstruction, the development of local industries, and reducing reliance on foreign products.

The Magroun Industrial Zone is strategically positioned with excellent proximity to African markets, ports, and airports, offering substantial advantages for transit trade. The Chinese delegation expressed high regard for the Libyan government and the NDA's official support in ensuring the success of these projects and removing potential obstacles. The zone will feature comprehensive infrastructure, including essential utilities like water and electricity, storage facilities, roads, and fully equipped factory units.

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The location of the Magroun Industrial Zone, and its proximity to African markets, ports, and airports, grants it exceptional strategic and investment advantages (for transit trade).