Gulftainer wins Lebanon port deal
Sharjah, November 13, 2012
Gulftainer, a UAE-based ports operator, has won the concession to develop and operate a new container terminal in northern Lebanon's Tripoli.
The concession is for 25 years and Gulftainer is expected to invest $60 million in new equipment and machinery initially.
The new terminal will be able to accommodate some of the largest container vessels operating in the Eastern Mediterranean, alleviating congestion at the Port of Beirut. - TradeArabia News Service