Yildırım Holding Set on Investing USD 750 Mln in Ecuador

Turkish port operator Yildırım Holding has mapped out an extensive global investment plan as the company reveals plans of future growth. Namely, the company has earmarked an investment worth up to USD 750 million in a port development project in Ecuador, which will be Turkey’s biggest investment in the country until now.

The framework agreement on the construction was signed during a recent visit of Turkish President Recep Tayyip Erdoğan to Ecuador earlier this month.

A final agreement on the project is likely to be sealed in April.

The project, to be located in Puerto Bolivar, would create the biggest container port on the Pacific Ocean of Latin America and would be developed in five stages, according to Yildirim Holding CEO Yuksel Yıldırım, cited by Anadolu Agency.

The announcement comes on the back of Yildırım Holding’s acquisition of ten terminals in Portugal, eight container and two break bulk and grain terminals. Namely, in October 2015, Yılport Holding, a subsidiary of Yıldırım Group of Companies, bought of a Portuguese port management company TERTIR for a total of EUR 335 million.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>


<< Dec 2019 >>
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >