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AA 26/01/21: Qatar's firm buys Turkish port in Antalya

Turkish conglomerate sells port for $115.15M.

QTerminals, a Qatari commercial port operator, purchased a Turkish port -- Port Akdeniz -- owned by Turkish conglomerate Global Yatirim Holding.

The Qatari firm, which signed the purchasing agreement in October 2020, completed all necessary conditions and received approval, according to a press release issued by the Turkish holding.

The port, located in the Mediterranean resort city Antalya, was sold for 849.84 million Turkish liras ($115.15 million).

Port Akdeniz provides cruise, container, general cargo, bulk cargo, project cargo, shore base and military ship services.

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