A Libyan state authority overseeing the Misurata Free Zone has signed a strategic partnership with Mediterranean Shipping Company, Qatar’s Al Maha Capital Partners and Swiss terminal operator TiL to invest in, operate and develop container terminal facilities at Misurata’s commercial port, according to a statement by the Misurata Free Zone.
The agreement was signed in Misurata on Sunday, Jan. 18, and is intended to draw about $2.7bn of investment into the expansion and development of the Misurata Free Zone.
Annual operating revenues linked to the project are estimated at roughly $500m.
The partnership is aimed at expanding container handling capacity and upgrading terminal operations in line with international standards, strengthening Misurata’s role in regional logistics.
The signatories were Misurata Free Zone official Muhsin Sigutri, MSC Group president Diego Aponte, TiL chairman Ammar Kanaan and Al Maha Capital Partners chairman Aboobacker Manattukundayi.
Mediterranean Shipping Company is a privately owned shipping and logistics group headquartered in Geneva, with activities spanning container shipping, inland transport and supply chain services through an integrated global network.
Terminal Investment Limited is a Switzerland-based terminal investment and operating company that develops and manages port infrastructure assets in cooperation with port authorities and commercial partners.
Al Maha Capital Partners is a Qatar-based investment firm engaged in private investments and structured capital solutions across multiple sectors, working with international industrial and financial partners.
The Misurata Free Zone is a Libyan public authority responsible for the administration, regulation and development of the free zone area associated with the port of Misurata, including infrastructure projects and investor relations.
