Libya launched a $2.7 billion project to develop and expand the Misrata Free Zone Port in western Libya, aiming to strengthen the country’s position as a regional logistics hub in the western Mediterranean through international partnerships and foreign direct investment.
According to a statement issued on Sunday, Abdulhamid Dbeibeh, head of Libya’s Government of National Unity, whose authority is contested by parliament—said the project’s strategic partnership agreement has been signed with Qatari, Italian, and Swiss companies, including Mediterranean Shipping Company (MSC), the world’s largest shipping line.
The project is designed to increase the port’s capacity to 4 million containers annually, significantly enhancing Libya’s maritime and trade infrastructure.
The expansion is expected to generate around $500 million in annual operating revenues and create 8,400 direct jobs, in addition to approximately 60,000 indirect employment opportunities, the statement said.
Officials said the project would boost Libya’s ability to compete in regional logistics, improve access to African markets, and support the growth of regional and cross-border trade.
Despite ongoing political instability, Libya continues to attract selective large-scale investments, particularly in infrastructure and energy-related sectors, as the country seeks to capitalize on its strategic geographic location and extensive trade routes linking Europe, Africa, and the Middle East.
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