Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Tripoli invites Turkish firms to build Libya’s new trade port

by Barış Şimşek

Mar 16, 2021 - 1:55 pm GMT+3
Edited By Ayşe Betül Bal
A container ship leaves the port of Tripoli after unloading its cargo, Tripoli, Libya, Nov. 25, 2020. (Shutterstock Photo)
A container ship leaves the port of Tripoli after unloading its cargo, Tripoli, Libya, Nov. 25, 2020. (Shutterstock Photo)
by Barış Şimşek Mar 16, 2021 1:55 pm
Edited By Ayşe Betül Bal
RECOMMENDED
Women look at the window of a clothing shop with words saying "all at half price," in Ankara, Türkiye, Aug. 18, 2022.

World Bank, OECD up 2023 growth forecasts for Turkish economy

Turkish-economy

Turkish companies will help build a commercial port in war-torn Libya if a deal is agreed. The country’s United Nations-recognized Government of National Accord (GNA) has already discussed the issue with Turkish officials and invited local firms.

Officials for the Tripoli-based government have requested Turkey be involved in the development of the port. The construction of the new freight transport port will protect commercial activities from attacks carried out by militias loyal to putschist Gen. Khalifa Haftar, who has de facto control of the eastern parts of the country.

Turkey’s Ministry of Environment and Urbanization has accordingly started to collect applications from local companies interested in the project.

The Tripoli Port is planned to be closed to cargo transportation and used only for passenger ships and freight transportation was planned to be shifted to the planned Zawiya Port in the west, according to information shared with the Turkish ministry.

The port is set to be built in a build-operate-transfer (BOT) model, which usually finances large-scale projects, typically infrastructure and construction, through public-private partnerships. Some Chinese and European companies are also said to be interested in building the port but Turkish companies are the primary choice of the GNA.

The Maghreb country is a strategic partner for Turkey, particularly following a maritime delimitation agreement that helped Turkey secure its rights in the Eastern Mediterranean. The commercial ties between the two parties also hold great potential.

In 2020, Turkey exported $1.6 billion worth of goods to Libya while the target is to reach $10 billion. Libya can be reached from Turkey by the sea in three days, thus providing cost-effective transportation in terms of fuel expenditures. The products to be shipped from Turkey to Libya could reach African markets on the fourth day after loaded for air transportation from Libya.

Turkish contractors have always been active in the country, particularly before the North African nation descended into conflict after former dictator Moammar Gadhafi was toppled and killed in a NATO-backed uprising in 2011, resulting in multiple forces vying for power.

Turkish companies have so far undertaken construction projects worth up to $29 billion, but their works were left unfinished due to the increasing turmoil. The completing of the project or compensating the losses of the firms have also been on the agendas of both countries for some time now. An agreement already inked between the two parties can pave the way for more projects and cooperation.

RECOMMENDED
Women look at the window of a clothing shop with words saying "all at half price," in Ankara, Türkiye, Aug. 18, 2022.

World Bank, OECD up 2023 growth forecasts for Turkish economy

Turkish-economy
  • shortlink copied
  • Last Update: Mar 16, 2021 5:47 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    turkey-libya relations tripoli port zawiya gna haftar turkish contractors
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Brazil's Dani Alves in action during the FIFA World Cup Qatar 2022 Round of 16 match between Brazil and South Korea at Stadium 974, Doha, Qatar, Dec. 5, 2022. (Getty Images Photo)

    Dani Alves remains in jail as new rape case's harrowing details unfold

    DANI-ALVES
    A woman checks currency rates on a digital currency rate board at an exchange office in Istanbul, Türkiye, May 22, 2023. (EPA Photo)

    Turkish lira down about 7% as markets weigh economic policy path

    Turkish-economy

    Erdoğan offers dam crisis mediation in calls to Putin, Zelenskyy

    Kakhovka-dam

    New discoveries help lift Türkiye's daily oil output to 32-year high

    energy-market
    No Image
    Ecuador's Pase del Nino festival celebrates Christmas
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021