Misurata Free Zone Authority Secures $2.7 Billion PPP for Port Transformation

On January 20, 2026, Misurata Free Zone (MFZ) in Libya announced a $2.7 billion public-private partnership aimed at transforming its main port. This landmark agreement seeks to enhance the port's capacity and efficiency, thus invigorating Libya's role in regional trade. This project, the first major PPP outside Libya's energy sector, marks a crucial step in the nation's economic revival.

The partnership involves collaboration with Maha Capital Partners and Terminal Investment Limited, aiming to modernize the port's infrastructure and operations. The project plans include expanding container capacity, integrating advanced terminal equipment, and meeting high environmental standards. These efforts will position Misurata as a significant gateway for investment and international trade.

The initiative supports Misurata's goal to become a deep-sea port and central Mediterranean hub, with expected benefits for local employment and new industry growth. Prime Minister Abdulhamid Aldabiba hailed the move as pivotal for Libya's infrastructure modernization and economic recovery.