International investment firm, The Guidry Group, announced this week that Libya’s government authorities in the East and West have come together and formally agreed to jointly support what will become one of North Africa’s most highly-automated and largest deep-sea ports near the city of Susah in Libya.
Libya Business News, January 29, 2019
Historic Economic Agreement Unites Libya’s East and West in the Development of One of North Africa’s Largest Deep-Sea Ports
International investment firm, The Guidry Group, announced this week that Libya’s government authorities in the East and West have come together and formally agreed to jointly support what will become one of North Africa’s most highly-automated and largest deep-sea ports near the city of Susah in Libya.
Specifically, the United Nations-backed Government of National Accord (GNA), known as the Unity Government, in the West in Tripoli and the House of Representatives Interim Government in the East in Tobruk, will cooperate on the billion-dollar ‘Port of Susah.’
Michael Guidry, founder and CEO of U.S.-based The Guidry Group, said:
“A historical moment, the development of the Port of Susah has secured the support of both the East and West – the culmination of months of discussions between the once fractured Libyan governments that are now focused on one common objective.
“The pivotal goal of the Port of Susah is not only to spark an economic resurgence and additional investments from the international community, but to chart a new course for Libya and its people.”
Importantly, this is the result of three years of hard work, as well as months of discussions between the Seaport Authority officials in the East and West. These now united representatives of the Libyan people have made it their highest priority to deliver economic opportunity for their people by redeveloping, restoring and modernizing Libya’s critical infrastructure, starting with ports and maritime capabilities through the development of the Port of Susah.
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