Nebula Nerd Yilport Holdings Invests $1.6 Billion to Upgrade Ports in El Salvador
In a move that is set to boost the economy of El Salvador, Turkish company Yilport Holdings has announced a $1.6 billion investment to upgrade two ports in the country. The investment will include the site of the proposed Bitcoin City, which is part of President Bukele’s economic development program.
The investment is aimed at improving logistics and creating new trade opportunities for the country. Yilport Holdings will form a joint venture with El Salvador’s Comisión Ejecutiva Portuaria Autónoma (CEPA) to manage the ports for the next 50 years.
The upgrade of the ports is expected to increase the country’s capacity to handle cargo and improve its competitiveness in the global market. This will also create new job opportunities for the people of El Salvador.
The investment by Yilport Holdings is a significant boost to the country’s economy, which has been struggling in recent years. The move is part of President Bukele’s efforts to attract foreign investment and create new opportunities for the country.
The proposed Bitcoin City is also expected to attract investment and create new jobs in the country. The city will be built on the site of the upgraded port and will be a hub for technology and innovation.
The investment by Yilport Holdings is a testament to the potential of El Salvador’s economy. With the right investments and policies, the country can become a major player in the global market and create new opportunities for its people.
