{"id":269,"date":"2023-11-22T08:48:51","date_gmt":"2023-11-22T08:48:51","guid":{"rendered":"https:\/\/tsez.ly\/?page_id=269"},"modified":"2024-09-01T08:12:48","modified_gmt":"2024-09-01T08:12:48","slug":"about","status":"publish","type":"page","link":"https:\/\/tsez.ly\/en\/about\/","title":{"rendered":"About"},"content":{"rendered":"
\n

Introduction<\/h2>\n

Tobact <\/b><\/p>\n

Countries have become increasingly dependent on special economic zones as one of the most essential tools for transforming their financial structure and supporting national development plans. <\/p>\n

Special Economic zones represent an opportunity to meet the needs of countries in the areas of industrial as well as local development, regional economic integration, economic inclusion and creating job opportunities for youth.<\/p><\/div>\n<\/div>\n

\"\"<\/p>\n

Global
Prosperity<\/span><\/h2>\n
Today, there are about 5,400 zones in more than 147 countries, and over 500 new special economic zones are under construction; these zones have generated more than 70 million jobs. The thriving of SEZs is part of a new wave of industrial policies and a response to increased competition for international mobile investments.<\/div>\n

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  • \n

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    Dubai<\/div>\n<\/li>\n
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    \"\"<\/p>\n

    Neom<\/div>\n<\/li>\n
  • \n

    \"\"<\/p>\n

    Suzhou<\/div>\n<\/li>\n
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    \"\"<\/p>\n

    Shenzhen<\/div>\n<\/li>\n
  • \n

    \"\"<\/p>\n

    Singapore<\/div>\n<\/li>\n
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    \"\"<\/p>\n

    Skane<\/div>\n<\/li>\n
  • \n

    \"\"<\/p>\n

    South Holland<\/div>\n<\/li>\n
  • \n

    \"\"<\/p>\n

    Dublin<\/div>\n<\/li>\n
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    Miami<\/div>\n<\/li>\n
  • \n

    \"\"<\/p>\n

    Silicon Valley<\/div>\n<\/li>\n<\/ul>\n

    Establishment<\/h2>\n
    \n

    The Special Economic Zone \u2013 Tobact (TSEZ)<\/h2>\n
    \n

    Tobact was established by the decree of the Council of Ministers No. (175) of 2021 as a legal and financially dependent entity, subject to the provisions of Law No. (14) of the year 2010. TSEZ is located in eastern Misrata and is considered a zone of development and investment for its unique economic nature and diverse investment fields. It aims to attract local and foreign investments; it is also characterised by encouraging incentives and benefits for investors and contributes to developing exports and achieving economic diversification and development.\n<\/p>\n<\/div>\n<\/div>\n

    Vision<\/h2>\n
      \n
    • \n
      A modern economic gateway between Africa and Europe that will help consolidate Libya as a regional Hub and economic engine for growth and prosperity.<\/div>\n<\/li>\n
    • \n
      A significant influence on the development of the Libyan economy.<\/div>\n<\/li>\n
    • \n
      Will leave a mark on a global scale by creating diverse opportunities in a wide range of business sectors, shifting towards a knowledge-based economy.<\/div>\n<\/li>\n
    • \n
      An environmentally friendly zone featuring the slogan, “a world free of pollutants”.<\/div>\n<\/li>\n
    • \n
      It will use renewable energy and align with the state\u2019s vision of reducing emission rates.<\/div>\n<\/li>\n
    • \n
      Sustainability will be a priority for design, construction, and operation, focusing on efficiently using resources, renewable energies, and clean technologies.<\/div>\n<\/li>\n<\/ul>\n
        \n
      • \n

        \"\"<\/p>\n

        Pride<\/h3>\n
        The economic zone will be an engineering marvel that enhances the ambition of the Libyan people.<\/div>\n<\/li>\n
      • \n

        \"\"<\/p>\n

        Development<\/h3>\n
        The economic zone will offer state-of-the-art technology and contemporary infrastructure and serve as a model for implementation across the country.<\/div>\n<\/li>\n
      • \n

        \"\"<\/p>\n

        Engine<\/br>for growth<\/h3>\n
        The economic zone will act as a catalyst for launching sustainable growth and development.<\/div>\n<\/li>\n<\/ul>\n
          \n
        • \n

          \"\"<\/p>\n

          Enabling<\/br> development<\/h3>\n
          It will be a platform to encourage innovation and entrepreneurship and attract investors.<\/div>\n<\/li>\n
        • \n

          \"\"<\/p>\n

          Diversification<\/h3>\n
          The Special Economic Zones(TSEZ) will enable the development of local markets and industries, create new economic diversification, and avert dependence on oil as the sole source of income.<\/div>\n<\/li>\n
        • \n

          \"\"<\/p>\n

          Sustainability<\/h3>\n
          The economic zone will promote sustainable practices and balance economic, social, and environmental aspects.<\/div>\n<\/li>\n<\/ul>\n

          Mission<\/h3>\n
          \n

          The Special Economic Zone \u2013 Tobact (TSEZ)<\/h4>\n
          Tobact was established by the decree of the Council of Ministers No. (175) of 2021 as a legal and financially dependent entity, subject to the provisions of Law No. (14) of the year 2010. TSEZ is located in eastern Misrata and is considered a zone of development and investment for its unique economic nature and diverse investment fields. It aims to attract local and foreign investments; it is also characterised by encouraging incentives and benefits for investors and contributes to developing exports and achieving economic diversification and development.<\/div>\n<\/div>\n

          Goals<\/h3>\n

          \n

          To create a conducive investment environment that enables integration with other economic regions on the global level to attract national and foreign investments to achieve the following:<\/p>\n<\/h4>\n

            \n
          • \n
            Motivating and encouraging the private sector to play a central role in supporting and diversifying sources of income for the national economy.<\/div>\n<\/li>\n
          • \n
            Contribution to achieving economic and social development.<\/div>\n<\/li>\n
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            Developing exports and increasing Gross Domestic Product.<\/div>\n<\/li>\n
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            Encouraging the private sector to take the initiative to establish productive and economic businesses that will be the nucleus of an industrial renaissance in numerous fields.<\/div>\n<\/li>\n
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            Achieving spatial development through localisation and establishment of economic entities.<\/div>\n<\/li>\n
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            Creating job opportunities for youth and thus contributing to reducing unemployment.<\/div>\n<\/li>\n
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            Provide citizens\u2019 needs for goods and products locally and reduce the volume of imports.<\/div>\n<\/li>\n
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            Reduce dependence on imports and save foreign exchange by encouraging local production.<\/div>\n<\/li>\n
          • \n
            Contribute to the localisation and transfer of technology, making the region a centre for innovation, promoting human progress and health, and finding solutions to address all matters from the environment to mobility.<\/div>\n<\/li>\n
          • \n
            Provide broad outreach with a focus on international communities.<\/div>\n<\/li>\n<\/ul>\n

            Socio-
            demographic
            \ndimension
            \n<\/span><\/h3>\n
            \n

            Upgrade and serve the entire society, from youth to the elderly, with particular attention to the highly educated.\n<\/p>\n

            Support by the state or government and providing the necessary political stability by strengthening the economy through investments in the field of technology and improving the quality of life to become a centre for the most innovative technologies in the world.\n<\/p>\n<\/div>\n

            \"\"<\/p>\n


            \n<\/p>\n","protected":false},"excerpt":{"rendered":"

            Introduction Tobact Countries have become increasingly dependent on special economic zones as one of the most essential tools for transforming their financial structure and supporting national development plans. Special Economic zones represent an opportunity to meet the needs of countries in the areas of industrial as well as local development, regional economic integration, economic inclusion […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-269","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/tsez.ly\/en\/wp-json\/wp\/v2\/pages\/269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tsez.ly\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/tsez.ly\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/tsez.ly\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tsez.ly\/en\/wp-json\/wp\/v2\/comments?post=269"}],"version-history":[{"count":144,"href":"https:\/\/tsez.ly\/en\/wp-json\/wp\/v2\/pages\/269\/revisions"}],"predecessor-version":[{"id":659,"href":"https:\/\/tsez.ly\/en\/wp-json\/wp\/v2\/pages\/269\/revisions\/659"}],"wp:attachment":[{"href":"https:\/\/tsez.ly\/en\/wp-json\/wp\/v2\/media?parent=269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}