No Result
View All Result
Sunday, May 28, 2023
22 °c
Tripoli
23 ° Mon
22 ° Tue
21 ° Wed
21 ° Thu
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Suez Canal blockage hastens establishment of Turkish logistic centre in Libya for African trade

bySami Zaptia
April 9, 2021
Reading Time: 2 mins read
A A
Suez Canal blockage hastens establishment of Turkish logistic centre in Libya for African trade

Murtaza Karanfil, head of the Turkish Libyan Business Council, believes Libyan can realistically become a hub for transit trade to sub-Saharan Africa helping open new export markets for Turkey (Photo: Karanfil Group).

18
SHARES
80
VIEWS
Share on FacebookShare on Twitter

By Sami Zaptia.

Murtaza Karanfil Turkish Libyan Business Council (Photo: Karanfil Group).

London, 30 March 2021:

Murtaza Karanfil, chairman of the Turkey-Libya Business Council of the Council on Foreign Economic Relations (DEIK), stated that the blockage this week of the Suez Canal once again revealed the importance of Libya in terms of Turkey’s exports to Africa.

Speaking to Turkish publication Milliyet.com, the founder and chairman of Karanfil Group said that “thanks to the logistics base to be established in Libya, we will provide direct access to the middle of Africa.”

He emphasized that after the Suez blockage, Libya’s importance, especially for Turkey’s trade and exports, was once again understood.

RELATED POSTS

Turkish business delegation meets Economy Minister Hwej: Invited to participate in state and private sector development projects

Economy Minister Hwej meets Turkish companies and DEIK head in Istanbul

“The trade route to East and Central Africa passes through the Suez Canal. Products are delivered to Central Africa and Chad via Djibouti port. This takes 45 days from the Mediterranean to the Suez Canal. Thanks to the logistics base to be established in Libya, we will provide direct access to the middle of Africa. Maybe we’ll use the road there, but ships that already want to reach Central Africa are using the land route.

The logistics base in Libya will also provide an alternative from Africa towards the interior. Libya will provide significant advantages in access to both East and West Africa, especially Central Africa. Transportation times of up to 45 days are reduced to 10-15 days. Libya is a 3-day journey from the Mediterranean Sea. From here we can reach both East and West Africa in 7-10 days by land. The logistics base in Libya relieves this burden at very attractive costs.”

Things looking up in Libya

Karanfil said that the government in Libya received a vote of confidence last week, that budget negotiations would be approved, and that economic development activity would begin quickly, adding that both Libyan and Turkish businesspeople were hopeful of the new process and that the Libyan people would not allow an attempt to disrupt this process.

Logistics base in Misrata started

He reported that the establishment of a logistics base in Misrata in a closed area of 30,000 square meters has started, and the building a pocket logistics base in southern Libya is being considered.

Karanfil noted that negotiations for air cargo were continuing. “We reach the point we want in Africa in 1-2 days with air cargo. In other words, a product departing from Turkey will reach Africa by sea in 3 days. From here, it can be delivered in 1-2 days, wherever it is in Africa. This will make a great contribution to our exporters.”

Tags: featuredlogistics baseMurtaza Karanfil Turkish Libyan Business CouncilSuez canalTurkey Turkish
Share7Tweet5Share1

Related Posts

Expected Resumption of Commercial Activity of Libyan Merchants in Tunisia, while Two Tunisians Were Injured by a Nalut Local
Business

The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

May 27, 2023
NOC condemns Friday’s Mitiga aviation fuel depot shelling, evacuates staff
Business

An instant 350 cylinder per hour cooking gas filling station opened in Jalo

May 27, 2023
NOC announces force majeure at Zawia port
Business

NOC completes strategic project to increase local gas supply and clean pipelines

May 27, 2023
Turkish business delegation meets Economy Minister Hwej: Invited to participate in state and private sector development projects
Business

Turkish business delegation meets Economy Minister Hwej: Invited to participate in state and private sector development projects

May 27, 2023
Libya’s Al-Ghazala Misrata Paints Factory opens first showroom in Niamey, Niger
Business

Libya’s Al-Ghazala Misrata Paints Factory opens first showroom in Niamey, Niger

May 25, 2023
Aldabaiba stresses need to activate agricultural projects in cooperation with private sector
Business

Acting Agriculture Minister Gatrani discusses cooperation with WFP

May 24, 2023
Next Post
Bloc of over 20 western-based boycotters agree to re-join parliament

Bloc of over 20 western-based boycotters agree to re-join parliament

US Libya 2020 Human Rights Practices report cites significant human rights violations

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU

    Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

    113 shares
    Share 45 Tweet 28
  • Libya loses US$ 5 bn annually due to illegal Tuna fishing within its territorial waters

    97 shares
    Share 40 Tweet 24
  • US Embassy in Tripoli announces easing of visa protocol: One-year multiple entry visas now replace three-month single-entry visas

    97 shares
    Share 54 Tweet 18
  • Libya and Austria discuss reopening airspace

    76 shares
    Share 33 Tweet 18
  • Tripoli-based Libyan prime minister opens 13th Libya Build displaying 260 exhibitors

    64 shares
    Share 26 Tweet 16
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

An instant 350 cylinder per hour cooking gas filling station opened in Jalo

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?