Yilport to Invest $1.6 Billion in El Salvador Ports for Expansion
Monday, 12 August 2024, 10:42
Yilport's Major Investment
Turkish holding company Yilport has announced plans to invest $1.62 billion in the expansion of two crucial ports in El Salvador. This initiative marks a significant move towards enhancing the nation’s trade capabilities and infrastructure.
Goals of the Investment
- Expansion of port facilities
- Joint operation with local port authority
- Boosting the local economy
Impact on the Local Community
The investment is expected to lead to job creation and foster economic growth for the region. By improving the efficiency of port operations, Yilport aims to enhance trade flow and support the local economy.
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