$2.7bn Investment by MSC to Expand Libya’s Misrata Port

A Qatari investment fund has reached a $2.7 billion agreement with the ports division of Mediterranean Shipping Co to develop and expand Libya’s Port of Misrata.

The project is set to raise the port’s annual container handling capacity to 4 million teu. Misrata is Libya’s primary non oil port and currently manages nearly two thirds of the country’s total container volumes.

The development will be carried out through a partnership between the Misrata Free Zone Authority, the Qatari fund Maha Capital Partners, and Terminal Investment Limited, the port operating arm of MSC.

“This partnership reflects Misurata’s determination to build modern, internationally competitive infrastructure that can unlock new industries, support local employment, and strengthen Libya’s position within regional and global supply chains,” said Muhsin Sigutri, chairman of the free zone authority.