Tripoli Special Economic Zone has been established as per the Law No 18 issued in the year 2008. It stretches over 590,000 m2 and the and aims to create more than 5000 job opportunities and develop the economy of the area and the country.
TSEZ is more than 55 Hectares in size of equipped land. It is mainly divided into 2 zones: the Port site zone (Industrial & Logistics Center) with an area of 513,000 m2 and the Rachid Karame International Fair zone (Knowledge & Innovation Center) with an area of 75,000 m2. Each zone provides a unique yet complementary set of advantages that will turn TSEZ into a logistic, trade and innovation hub, not only for Lebanon but for the Middle East region as well. [Read more about KIC] [Read more about RKIF]
Being located in Tripoli gives the TSEZ many competitive advantages; in addition to the fact that Tripoli is the second largest city in Lebanon, it has a noteworthy locality on the regional economic and political map. Tripoli is a short distance by road to the Syrian border (30 km)., lies on the shortest path out to Syrian-Turkish trade routes, a short distance to the Rene Mouawad airport, and will, in the near future, benefit from a planned railway network linking Tripoli to the Syrian border. These significant qualities will potentially grant the TSEZ a major role as a hub for the reconstruction of Syria as well as a platform for upstream and downstream oil and gas activities and easy access to the growing economies of the Gulf, Levant and North Africa. [Read more about port side]
The TSEZ will be one of the most attractive, efficient and connected special zones in the Middle East region due to:
Once completed, the Zone will enjoy a unique administrative, legal, and regulatory framework with a single window clearance, substantial financial, administrative and fiscal incentives with no tax holiday limitations, state-of-the-art infrastructure, and utility services
In 2009, the Lebanese Cabinet passed several implementation decrees paving the way for a faster implementation of the law.
Lebanon in general and Tripoli in specific has struggled with several barriers that have historically hindered foreign direct investment and prevented many local private sector businesses from expanding their operations in Lebanon. The creation of the TSEZ will attempt to overcome many of these barriers and thus has the potential to attract investment from throughout Lebanon and abroad.
TSEZ will expand Lebanon’s trade potential and create sustainable jobs and investment in a respectful environment by offering serviced industrial and commercial facilities supported by a conducive business climate
The TSEZA will be the focal trading and business platform for investors and a model for doing business in Lebanon; acting as a catalyst for sustainable economic growth and a lever for the transformation of Tripoli and North Lebanon.
The Authority will be guided by: (1) Global best practices; (2) Good governance; (3) Commercial principles; (4) Environmentally and socially responsible practices and relations; (5) Modern, progressive and innovative client service delivery models.
Long-term protection of environmental quality and human health and safety
TSEZ Authority will adopt an environmental policy compliant with ISO 14,000 (Environmental Management Standards) and ISO 14,001 (Environmental Management System) that commits to long-term protection of environmental quality and human health and safety by providing sufficient financial support for environmental and social programs, educating and training employees on these programs, and engaging with the surrounding communities and other interested stakeholders.
Sanctity of Labor Rights
The TSEZ Authority will adhere to international commitments made under the International Labor Organization to ensure the sanctity of labor rights for employees working within the TSEZ and will create the proper enforcement and monitoring procedures, to ensure compliance of employers and to identify and penalize those employers who violate labor rights. The Authority will ensure that companies operating in the zone provide medical benefits to workers and their dependents similar or better to those proposed by the National Social Security Fund (NSSF). Employment contracts signed in the TSEZ will be monitored for compliance by the TSEZ Authority.
Risk management–Principles and Guidelines
The TSEZ Authority will adopt an emergency response plan through the adoption of ISO 31000:2009- Risk management–Principles and Guidelines aimed at minimizing employee exposure to risk and injury, and limiting potential impacts to the environment in emergency situations.
The TSEZ was set up to attract foreign and local investment, promote exports, tackle unemployment in Northern Lebanon, specifically the Tripoli urban area and contribute to the government's regional development agenda. It is expected that the total number of jobs created by the TSEZ facilities would vary between 9,522 and 11,207, including direct, indirect and induced employment (respectively, 20% induced employment and maximum of 40% induced employment).
More specifically, the development objectives of the TSEZ are as follows:
The TSEZ is Located in Tripoli, the second largest City in Lebanon (Explore more about Tripoli) that is well known for its historical richness and beautiful surroundings, it could be a great destination for historical tourism and for those who want to enjoy a calm and relatively lower cost stay. [Read more about Tripoli]
The TSEZ is a model of an integrated economic development composed essentially of two centers: