Libya announces $2.7bn Misurata Port expansion
21 January 2026
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Libya has announced the $2.7bn expansion of Misurata Port, led by Terminal Investment Limited.
The consortium comprises Switzerland's Mediterranean Shipping Company and Qatari firm Maha Capital Partners.
The project is being implemented under a public-private partnership model, and is the first of its kind in the country's non-oil sector
The expansion aims to increase the port's container-handling capacity to 4 million containers a year.
Misurata Free Zone (MFZ) is Libya’s largest free zone, spanning an area of 2,576 hectares.
According to an MFZ statement, the expansion includes:
- Expanding container-handling capacity to accommodate larger vessels and more complex logistics chains;
- Integrating port operations with MFZ’s industrial ecosystem to support small and medium-sized entities, manufacturing and value-added services;
- Deploying modern terminal equipment and digital systems;
- Enhancing safety, performance and environmental standards in line with global benchmarks;
- Creating long-term employment opportunities.
The Libyan Prime Minister’s Office said the expanded port is expected to generate around $600m in annual operating revenues, create about 8,400 direct jobs and support nearly 60,000 indirect jobs.
The investment scope includes:
- Five ship-to-shore (STS) gantry cranes
- 10 mobile harbour cranes
- Eight rubber-tired gantry (RTG) cranes
- 32 reach stackers
- Eight other pieces of equipment, like trucks and forklifts
The project's first phase will raise container-handling capacity to 1.5 million 20-foot equivalent units (TEU), increase throughput by 7% and develop and manage berths to 2,000 metres in total.
It also includes installing six RTG cranes and three STS cranes, developing 56 acres of container yards, building a 2,096-square-metre (sq m) refrigerated container warehouse and constructing an additional 7,500 sq m facility.
An advanced terminal operating system will also be implemented.
The second phase will add a further 2.5 million TEUs of capacity, construct a 2,500-metre breakwater, build a new 1,200-metre berth and a new 60-acre container yard, and deepen the port to 17 metres.
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