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. The project brings together the Misrata Free Zone Authority (MFZ), the Qatari fund Maha Capital Partners and the port operator Terminal Investment Limited (TIL), part of the shipping giant MSC. Libya remains divided between Dbeibah’s UN-backed government based in Tripoli and a rival administration based in the east and backed by strongman Khalifa Haftar.

Source: Libya Today January 19, 2026 05:28 UTC