Tripoli based Libyan Prime Minister, Abdel Hamid Aldabaiba, announced today the launch one of the largest maritime infrastructure projects in Libya’s history, through the signing of a strategic partnership to develop and expand the Misrata Free Zone port terminal. Aldabaiba said the project, with investments reaching US$ 2.7 billion, involves Qatari, Italian, and Swiss companies, most notably MSC, the world’s largest shipping company, and aims to increase the terminal’s capacity to 4 million containers annually. Continuing, he said the 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. This partnership will handle development and operation according to clear arrangements, ensuring the project’s implementation without placing additional burdens on the state budget. It reflects our commitment to attracting productive external financing to stimulate the economy, modernize infrastructure, and transform state assets into platforms for sustainable returns.

Source: Libya Today January 18, 2026 14:53 UTC