Libya signed on Sunday a strategic partnership with international firms to expand and develop the Misurata Free ‍Zone, attracting an ‍estimated $2.7 billion in investment, Prime Minister Abdulhamid Dbeibah said. "This project not only enhances ⁠Libya's position among the region's largest ports in terms of size and capacity, but it also relies ⁠on direct ‌foreign investment within a comprehensive international partnership," Dbeibah said on X. The Misurata Free Zone signed the agreement with Port operator Terminal Investment Limited, which ⁠is expected to help MFZ's port become a competitive logistics hub between Africa, Europe and the Middle East. The port extends over a vast area of ​​190 hectares, according to the free zone's website. The signing ceremony was held at the MFZ facility and attended by Dbeibah, Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani and Antonio Tajani, the deputy prime minister and foreign affairs minister of Italy.

Source: Libya Today January 19, 2026 11:12 UTC