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A Memorandum of Understanding between Misurata Free Zone and Yildirim Holding Company

Jun 28, 2021 | Archive

A memorandum of understanding was signed yesterday, Sunday 27/06/2021, between Misurata Free Zone and Yildirim Holding company meant to explore the potential to settle a couple of investment activities and form an investment partnership to develop the existing port at the level of both machinery and equipment. It was also meant to attract new shipping lines and make the best of the capacity of the port, especially since Yildirim Holding Company owns Yilport Holding Company, which is ranked among the top 12 international companies and operates 22 ports around the world.

In addition, there was an agreement to study a set of investment activities to be settled in the Misurata Free Zone, including logistics and light industries.

A field visit was also made to the port and the infrastructure project in the free zone, which had a progress rate of 95%.