- Libya signed a $2.7 billion partnership with international firms to expand the Misurata Free Zone.
- The project aims to generate $500 million in annual operating revenues and create 8,400 direct and 60,000 indirect jobs.
- Partners include Terminal Investment Limited and Maha Capital Partners, aiming to make the port a major logistics hub between Africa, Europe, and the Middle East.
- The expansion will increase the terminal’s capacity to 4 million containers annually and modernize infrastructure.
- The initiative reflects Libya’s efforts to attract foreign investment, diversify its oil-dependent economy, and strengthen its position in regional and global supply chains.
Source: zawya.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
