Libya announces $3 billion deal to develop Misrata port

TRIPOLI — Libyan authorities announced on Sunday a strategic partnership deal worth $3 billion with a Qatari fund and Swiss-Italian shipping giant MSC’s subsidiary to develop Misrata port. The project involves an investment of $2.7 billion in the expansion of the Misrata port terminal to increase its handling capacity to 4 million containers per year, according to the office of Libya’s Tripoli-based Prime Minister Abdulhamid Dbeibah. Misrata, the country’s main non-oil terminal, handles 60-65 percent of the country’s container traffic. READ: Foreign investment in Arab states rises despite unrest The deal was signed in the city, located 200 kilometers (120 […]... Keep on reading: Libya announces $3 billion deal to develop Misrata port