Equatorial Guinea, Albayrak Launch Port Jv to Compete With Cameroon

TLDR

• Equatorial Guinea has finalized a joint venture with Turkish logistics group Albayrak to manage the ports of Bata and Malabo
• The new entity, Alport Guinea Ecuatorial, is 51% owned by Albayrak and 49% by the Equatorial Guinean state
• The 10-year contract is expected to generate €4 billion in revenue and create 2,000 jobs

Equatorial Guinea has finalized a joint venture with Turkish logistics group Albayrak to manage the ports of Bata and Malabo. The new entity, Alport Guinea Ecuatorial, is…