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Analysis

Misrata looks to public-private partnerships to accelerate development
OBG
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Public-private partnerships (PPPs) have been used in a number of different forms to help develop public works or infrastructure projects when funding for them is either limited or unavailable. By implementing PPPfocused policies, the government in Misrata hopes to leverage the expertise, resources and efficiency of the private sector to accelerate infrastructure development, attract investment…

Analysis

Misrata’s strategic location key for trade and transport
OBG
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The city’s location has been advantageous for trade and transport throughout its history, and the port serves as a vital gateway for imports and exports, facilitating trade connections between the city, other parts of Libya and countries situated along the Mediterranean Sea. Misrata’s climate is classified as Mediterranean, meaning it is characterised by hot, dry summers and mild, wet…

Analysis

Banking penetration rises in Libya as it shifts to a cashless economy
OBG
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Libya’s banking sector compares favourably to some of its neighbours. For example, as of June 2021 over 65.7% of Libyans had financial accounts; as of February 2022 over 81% lived in urban areas and therefore had access to financial services, while 49.6% were active internet users. In comparison, the banking and internet penetration rates in neighbouring Egypt in 2022 were 60.6% and 72.2%,…

Analysis

Digital financial services could boost inclusion in Misrata, Libya
OBG
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Creating an ecosystem for financial technology (fintech), most particularly at a subnational level as in the city of Misrata, is crucial for both technological advancement and economic growth. Fintech ecosystems are typically built on five pillars: start-ups, technology developers, governments, financial customers and traditional financial institutions. However, these pillars vary depending on economic…

Analysis

Misrata airport sees expansion as air transport links expand
OBG
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The history of air transport in Libya dates back to the establishment of Libyan Airlines in 1964. In recent years the country’s air transport segment has faced significant uncertainties, including political instability, investment shortfalls and outdated infrastructure. These challenges have resulted in disruptions to air travel, with major airports in Tripoli, Benghazi and Misrata having experienced…

Analysis

Misurata Free Zone’s regulatory environment attracts investment
OBG
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The Misurata Free Zone (MFZ), established by government decree in 2000, aims to promote the development of manufacturing, industry and entrepreneurship in the Misrata region, as part of efforts to diversify the broader national economy. As an independent entity operating under the Ministry of Economy, the MFZ seeks to optimise local potential and resources in the context of sustainable growth. Creating…
Interview

Abdallah BenNaser, Chairman, Almadina Misurata Paints: Interview
OBG
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Interview:Abdallah BenNaser How have recent supply chain disruptions impacted raw material imports and manufacturing in Misrata and the broader region? ABDALLAH BENNASER: The recent global disruptions resulting from the Covid-19 pandemic led to more than a 100% price increase for certain raw materials and higher shipping costs, particularly from China. Additionally, factory closures worldwide…
Interview

Fathi Amin Al Turki, Chairman, Misrata Chamber of Commerce: Interview
OBG
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Interview:Fathi Amin Al Turki How has Misrata’s private sector recovered in the wake of the Covid-19 pandemic and recent economic uncertainty in the country? FATHI AMIN AL TURKI: Although the region’s recovery has been a gradual process, it has been bolstered by the determination, adaptability and resilience of local businesses. The pandemic underscored the significance of digital transformation…
Interview

Hussein Mohamed Altaher Issa, CEO, Aletah Group: Interview
OBG
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Interview:Hussein Mohamed Altaher Issa Where do you see economic shifts following the Covid-19 pandemic and other global uncertainties? HUSSEIN MOHAMED ALTAHER ISSA: The pandemic and recent instability have led to longer-term economic shifts in Libya and around the world. Previously, Libya’s economy relied primarily on oil. However, after the revolution and subsequent changes in government,…
Interview

Mahmoud Al Sougatri, Mayor of Misrata: Interview
OBG
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Interview:Mahmoud Al Sougatri Which factors are contributing to Misrata’s economic revival, and what is the resulting impact on Libya’s broader economic expansion? MAHMOUDAL SOUGATRI: Misrata is recovering, supported by growing optimism from the new businesses that are emerging in the city, as well as the ongoing work to rebuild and strengthen the infrastructure that supports all of…