Korea’s KS AUTOTRADING signed an investment agreement today in Misrata marking the opening of its branch at the Misrata Free Zone (MFZ).
The signing ceremony was attended by the MFZ Chairman, Mohsen Al-Sagoutri, and the Ambassador of Korea to Libya, Jang Ji-hak, and his accompanying delegation.
MFZ said this step reflects the growing international confidence in the investment environment offered by MFZ and strengthens the presence of foreign investments in the Libyan market.
KS AUTOTRADING specializes in the trade and outfitting of cars and various means of transportation, including ambulances, passenger vehicles, and special-purpose vehicles, all manufactured to high technical specifications and with integrated solutions that meet the needs of the Libyan and African markets.
Reinforcing MFZ's position as a strategic African gateway for foreign investment
MFZ said the opening of the company's branch in the Misrata Free Zone represents its official launch in Libya and enhances its specialized services in the automotive and transportation sector.
This investment, it added, represents a significant addition, enhancing the diversity of investment activities in the Misrata Free Zone, supporting Libyan-Korean economic cooperation, and reinforcing the zone's position as a strategic gateway for foreign investment and a logistics hub for trade and re-export to African markets.