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The recent appointment of members of the Tripoli Special Economic Zone Authority was a glimmer of hope for the impoverished and neglected northern city.The newly appointed chairman of the Authority, Raya Hassan, a former finance minister and resident of Tripoli, acknowledges that the economic benefits of the zone will not materialize in the near future.The zone will be adjacent to the port of Tripoli.However, Hassan was careful not to give the impression that the project will solve all of Tripoli's problems.Hassan underlined the importance of launching developmental projects in the city before the Special Economic Zone is launched, noting that successive Cabinets have allocated sufficient money for such efforts.Hassan said that potential investors will be offered a wide range of incentives, including, "income tax exemptions, VAT exemptions, tariff exemptions, property tax exemptions and exemptions on foreign workers and on social security".She added that USAID conducted a feasibility study in late 2000 about the free economic zone and decided that the best location for such a site was in Tripoli.
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