Africa News Bulletin

Libya: Techno Parks Law Passed by Government

The Libyan government headed by Abd Alhamid Aldabaiba has passed a law (948/2022) for the establishment of technology and industry parks/zones.

The new entity will have a separate legal and financial status under the Ministry of Industry and Mining. Its headquarters will be in the Industrial Zone in the city of Zawia.

The law stipulates, amongst others, that the new entity provides a space and an ecosystem that encourages technological and industrial enterprise and innovation for both local and international companies.

It should encourage scientific research through universities and institutes and PPP and transfer of knowledge to local industrial companies. The new entity should also incubate innovators, start-ups, and SMEs to convert their ideas into projects.

It should also make proposals for national industrial and technological policies and strategies.

Libya Herald

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