Libya signs 2.7 billion dollar deal with international firms for Misurata port expansion

Prime Minister Abdulhamid Dbeibah abdulhamid dbeibahof Libya LYhas announced that the country will sign strategic partnership agreements on Sunday, January 19, 2026, with companies from Qatar QA, Italy IT, and Switzerland CHto expand and develop the Misurata Free Zone. This major infrastructure initiative involves a commitment of $2.7 billion in investment and is designed to modernize the nation's logistics capabilities. The project aims to enhance the position of the port among the largest in the region in terms of both size and capacity.

Abdulhamid Dbeibahmade the announcement on X, stating that the project is projected to generate approximately $500 million in annual operating revenues once completed. Beyond the financial returns, the development is forecasted to create 8,400 direct jobs and around 60,000 indirect jobs. The expansion plan aims to increase the port terminal capacity to 4 million containers annually, representing a major leap from current levels.