Libya in Multinational $2.7 Billion Deal to Develop Misrata Zone

Libya signed a partnership deal that involves Qatari, Italian and Swiss companies to expand and develop the Misrata Free Zone port terminal on the Mediterranean, the OPEC member said.

The deal aims to attract investments worth $2.7 billion and is expected to generate around $600 million in annual operating revenue and create 8,400 jobs, the Tripoli-based government said. The expansion aims to increase the terminal’s capacity to 4 million containers annually.