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Emerging Economies

Myanmar’s ambitious Thilawa Special Economic Zone (SEZ) project has raised around $400 million in investment in the last five months, according to reports from local agency Global New Light of Myanmar.

Authorities in Iraq may extend the deadline for bids to develop the Port of Faw in the south of the country following strong interest from foreign firms. The port is slated to become the third largest commercial port in the world once complete.

Nigeria’s Federal Executive Council has formally approved the ongoing development of the Ibom Deep Seaport & Free Trade Zone in Akwa Ibom State. The President granted approval for the development of the project, providing the port with the official status of a Free Trade Zone.
Felak Concept Limited (Abuja, Nigeria) and MTBS (Rotterdam, The Netherlands) are the Transaction Advisors for the project. The project is monitored by the Ministerial Project Development and Steering Committee (MPDSC). FEC approval paves the way for the upcoming PPP Concession tender by means of which international port investors and operators are identified and selected for the development.
The Ibom Deep Sea Port & Free Trade Zone is a Greenfield port and FTZ development in Akwa Ibom State in southeast Nigeria. The port is projected to become a cargo gateway for the vast central and eastern Nigerian markets and beyond. Development and subsequent operation of the port will generate substantial economic activity in the region.

Brazilian president Dilma Rousseff has announced a wide-ranging $65 billion infrastructure package that will include almost $12 billion in port construction and upgrades.

The  Indonesian port of Kuala Tanjung in North Sumatra is garnering strong interest from foreign investors keen to be involved in the planned $344 million expansion of the site, according to Bambang Eka Cahyana, director of state port operator Pelindo I.

The Cuban government is moving ahead with plans to develop its Port of Mariel special economic zone (ZEDM) after reportedly approving five foreign companies so far this year to base their operations at the port. 

Construction of the $400 million Petkim Container port near the Turkish city of Izmir is on track for a commissioning date in the first quarter of 2016, according to comments from the managing director of APM Terminals Turkish unit, Mogens Wolf Larsen.

Supply chain specialist APL Logistics has announced the opening of a new container freight station at Tungya Collins Terminal in Cakung, Indonesia.

Gulftainer has posted strong growth for the start of 2015 at its Brazilian operations, powered by demand at its facility at Recife in the northeast of the country.

Developing strong roll on- roll off (Ro-Ro) connections between Turkey and Europe is a vital step in developing the country’s booming automotive export trade, delegates at PFI Istanbul forum heard.


Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

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