Swiss-Italian shipping giant MSC invests in Libyan port of Misrata

Libyan authorities have announced a strategic partnership deal worth $3 billion with a Qatari fund and Swiss-Italian shipping giant MSC’s subsidiary to develop Misrata port. An agreement was signed on Sunday. + Get the most important news from Switzerland in your inbox According to a press release from Misrata Free Zone Authority (MFZ), the partnership agreement provides for investments of $2.7 billion in the modernisation and expansion of the large port in western Libya. The port of Misrata is the country's most important non-oil terminal and handles around 60-65% of container traffic. The aim is to increase the port's handling capacity to four million containers per year. According to the Libyan Prime Minister's office, 8,400 direct and 62,000 indirect jobs are to be created. Annual operating revenues are expected to total $600 million. First public-private infrastructure project The agreement was signed in Misrata in the presence of Libyan Prime Minister Abdulhamid al-Dbeibah ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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