US EditionLibya Inks $2.7 Billion Deal to Bolster Misurata Free Zone
The $2.7 billion deal aims to create about 8,400 direct jobs and 60,000 indirect roles while increasing port capacity to four million containers annually, officials said.
- On Jan 18, Libya signed a $2.7 billion strategic partnership to expand the Misurata Free Zone, with the ceremony attended by Prime Minister Abdulhamid Dbeibah, Sheikh Mohammed bin Abdulrahman al-Thani, and Antonio Tajani.
- With oil accounting for more than 95% of output, officials said the Misurata Free Zone expansion aims to attract external financing and broaden Libya's economic base.
- About 8,400 direct jobs are expected, with roughly 60,000 indirect roles, while raising terminal capacity to four million containers a year.
- Agreements with Qatari, Italian and Swiss companies and Terminal Investment Limited could generate around $500 million annually, while Doha-based Maha Capital Partners provides long-term capital and strategic oversight.
- Misrata, a port city about 200 kilometres east of Tripoli, hosts a project relying on direct foreign investment within a comprehensive international partnership amid Libya's instability since 2011 and a 2014 east-west split.
14 Articles
14 Articles
Libya Inks $2.7 Billion Deal to Bolster Misurata Free Zone
Libya has signed a strategic partnership to expand the Misurata Free Zone, securing a $2.7 billion investment. This project is expected to generate $500 million in annual revenues, create thousands of jobs, and enhance Libya's position as a major port. The initiative underscores the commitment to economic modernization.
Libya to sign $2.7 bln partnership to expand Misrata free zone
Libya will on Sunday sign a strategic partnership with international firms to expand and develop the Misrata Free Zone, attracting an estimated $2.7 billion in investment, Prime Minister Abdulhamid Dbeibah said on X. The agreements, which would be signed with Qatari, Italian and Swiss companies, would help the project generate operating revenues estimated at around $500 million annually. "This project not only enhances Libya's position among the…
An investment of 2.7 billion dollars to transform Measured into a strategic hub of North Africa: on the table the Italy-Qatar-Libia axis, between infrastructure, energy, management of migratory flows and political stability of the country.
Libya Signs $2.7bn Misurata Free Zone Expansion Deal
Libya has signed a strategic partnership with international firms to expand and develop the Misurata Free Zone, with Prime Minister Abdulhamid Dbeibah saying the project is expected to attract an estimated $2.7 billion in investment. Deal Size and Projected Revenues According to Dbeibah, the agreements are expected to help the project generate operating revenues estimated at around $500 million annually. In a statement posted on X, he described …
Libya partners with Qatar to expand free zone port
Prime minister announces Misurata project Expansion to generate $500m annual revenue Qatar’s Maha Capital is a partner Libya has signed a partnership with Qatari and Italian companies to expand and develop the Misurata Free Zone port, aiming to transform it into a regional transhipment point to compete with Egypt and Morocco. Total investment is expected to reach $2.7 billion, prime minister Abdul Hamid Dbeibeh said in a post on the social messa…
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
