Final Thursday, a cooperation settlement was signed between the Chairman of Misrata Free Zone (MFZ), Mohsen Al-Segutri, and the Head of the Airports Authority, Mohamed Bait Al-Mal, aiming to establish features of cooperation and funding in Misrata Airport.
The MoU entails allocating an space of about 47 hectares to ascertain an space for air cargo and logistics providers. This goals to contribute to the localisation of economic and repair actions and the encourage transit and re-export commerce, in a manner that enhances the event of financial assets within the nation and diversifies sources of earnings.
Airport Free Zone
Talking solely to Libya Herald concerning the MoU, the Director of the MFZ Media Workplace, Alaa Baba, careworn the significance of building a free zone working inside Misrata Airport to learn from air freight site visitors in establishing a number of business and industrial investments and to use it in transit commerce, along with the potential of offering multi-purpose logistical providers that serve all business actions, based mostly on the usage of air transport.
Sea and air freight integration
Baba pointed to the potential of integration between the MFZ and Misrata Airport by way of the switch of some items coming by sea by way of air freight inside the transit commerce in the direction of different international locations, particularly the international locations of the sub-Saharan African continent, which is able to profit from the transit commerce by way of Libya in lowering transport prices in addition to lowering time.
To make Misrata airport a transit commerce hub
The MFZ Media Director famous the significance of the settlement in diversifying sources of earnings, offering job alternatives, and contributing to creating one of the crucial vital Libyan airports a world vacation spot for transit commerce by linking it to the MFZ port. He reminded that MFZ port has already begun offering maritime transit commerce providers.
Timeframe for operations to be set
Relating to the date of operation of the Misrata Airport space, Baba careworn the free zone’s readiness to organize all mandatory plans after setting a time-frame in settlement with the Airports Authority for the precise begin of the Misrata Airport space and figuring out strategies and mechanisms for funding in it throughout the coming yr.
