Libya creates new Wadi Harir Special Economic Zone in western regionBy Sami Zaptia. London, 29 December 2021:The Libyan government published decree (7/2021 ) dated 22 December 2021 regarding the establishment of a free investment zone of a special nature called (the Special Economic Zone, Wadi Al-Harir, Libya) with legal personality and independent financial disclosure under the provisions of law No. The text of the decision stated the boundaries of the established area as follows:To its east: Bin Shuaib areaTo its north: private landsTo its west: Al-Wattia AirportTo its south, Al-Katra areaThe zone aims to create a distinct investment environment that attracts and develops local and foreign investments, in addition to strengthening the national economy and achieving comprehensive development.

Source: Libya Herald December 30, 2021 05:03 UTC