This research can be considered one of the pioneer researches in the field of economic free zones whether in Egypt or in the context of developed and underdeveloped countries. This study aims at measuring the impact of economic free zone in Alexandria (El Amreya) to benefit from the lessons of the study which can be implemented on the free zone in Misurata in Libya. Thus, the principle methodology used in data collection is making a survey for a sample of some enterprises operating in the economic free zone in Alexandria (El Amreya) this data was collected in the summer of 2010. The application form aimed at: (1) collecting all the available primary data about companies operating in the economic free zone, (2) collecting all secondary data available relevant to research, (3) Guarantee more credibility and clarity in data from companies in economic free zone, (4) exploring the investor's point of view about the future of the free zone. In general, the study discusses the main issues of feasibility, it find that the country can encourage the investors and present the recommendation to them if they have the experience and want to investment their capital in the food stuff industry field, if they have about 2 millions American dollars because of the investment costs of this project about 0.9 million dollars, in addition to, current costs about 1.1 million dollars, to get annual revenues retches about 1.6 million dollars. Then the investor will get about 350 thousand dollars in average annually. The project will payback its capital in period less than two years, this project is very profitable because of the internal rate of return which reached about 103% which  more high than bank interest rate which  reached about 10%. According to previous results, this took in an average of existing industries. Investment in any type of industry in Alexandria's Free Economic Zone is a worthwhile investment according to the criteria of financial assessment, taking into account the experience factor and technical feasibility studies of each project. This practical part help to follow the same steps that are in free economic zone in Alexandria to achieve that success for the  economic region in Misurata to transfer the image to decision-makers in Misurata economic area to take the benefits of lessons learned from the study for policy-making and putting operational plans to establish such industries in Libya.