A $2.7 billion investment by a Qatar fund and MSC aims to boost Misrata Port's capacity to 4 million TEUs, enhancing Libya's logistics infrastructure.
A fund based in Qatar has signed a $2.7 billion investment agreement with Mediterranean Shipping Company (MSC), one of the world's leading maritime transport companies, for the development of Libya's Misrata Port.
The project to be implemented under the agreement aims to increase the annual handling capacity of Misrata Port to 4 million TEUs. Misrata, which is the most significant port in Libya outside of the oil sector, accounts for approximately two-thirds of the country's total container traffic.
The project will be carried out in collaboration with the Misrata Free Zone Authority (MFZ), Qatar-based Maha Capital Partners, and Terminal Investment Limited (TIL), the port operator operating under the MSC Group.
Muhsin Sigutri, the President of the Misrata Free Zone, commented on the agreement, stating:
"This partnership reflects the determination to build a modern and internationally competitive infrastructure that can open doors to the development of new sectors in Misrata, support local employment, and strengthen Libya's position in regional and global supply chains."
This investment is expected to be a critical turning point in the modernization of Libya's logistics and maritime infrastructure.
Source: SeaNews Türkiye