Continental Focus, International Reach

Port Talks for Eastern Libya May Bear Fruit

Tuesday, July 9, 2019

The Guidry Group out of the US is close to finalizing an agreement to develop a major port in Eastern Libya. Talks between the US firm and Eastern Libyan authorities have been going on for about one year.

The port would be constructed in Susah.

“The Guidry Group and the State of Libya through the Sea Port Authority officially signed the concession agreement on May 13 for the development of a multi-purpose, deep sea port in Susah, Libya,” the Guidry Group said in a statement to Reuters.

“Next steps for the project will involve establishing all the technical, financial, operational and commercial requirements,” the firm said.

Salah Elhasi, head of the eastern port authority, said no final deal had been signed yet but 90% of work was done. “We are in the final stage of the agreement. …and are reviewing the agreement’s details,” he said.