Misrata Free Zone inks MoU with Turkish giant Yildirim

Misrata Free Zone inks MoU with Turkish giant Yildirim

June 28, 2021 - 17:07
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Written By: SafaAlharathy

Misrata Free Zone has signed a preliminary cooperation memorandum of understanding with the Turkish giant Yildirim Group during a visit of a high-level delegation headed by the company's president to the city of Misrata.

According to the Misrata Free Zone's page, the delegation included the chairman and general manager of the company, besides directors of the company's regional branches.

The Director of the media office for the Misrata Free Zone, Alaa El-Din Baba, said in statements to The Libya Observer that the visit of this high-ranking delegation demonstrates the value the company places in the Misrata Free Zone.

"We signed a preliminary non-binding memorandum of understanding to identify the opportunities and activities the company could conduct within the free zone, especially in terms of port traffic and its development," Alaa El-Din Baba said.

"The Turkish delegation's visit comes to gain greater insight into our work on the ground and to explore the possibility of opening branches for the group within the Misrata Free Zone."

It may be worth noting that the Yildirim Group is the fastest growing industry in Turkey and among the leading industrial companies worldwide, with branches in 51 countries spread over four continents and 13,000 employees.