Libya’s $2.7 billion investment to expand its main container port, Misurata, is one major indication of the economic transformation efforts anchored on diversification to end oil and gas dependence. Together with the Misurata Free Zone Authority, the investors intend to expand the Misurata port, making it among the most operationally and environmentally efficient facilities in North Africa. Government projections show the expanded Misurata port generating about $600 million annually, creating 8,400 direct jobs, and supporting nearly 60,000 indirect jobs. The expansion of Misurata port is Libya’s first major PPP infrastructure investment outside the oil sector since 2011. Though the World Bank estimates a stellar 13.3% GDP growth in 2025, Libya remains heavily reliant on hydrocarbons, making it vulnerable to global shocks.

Source: Libya Today February 17, 2026 09:19 UTC