Salvadoran President Nayib Bukele shared a video statement on Monday, saying that Turkish holding company Yilport will invest $1.62 billion in two seaports in El Salvador, marking the largest private investment in the country's history. The partnership between Yilport and El Salvador will operate these two seaports for the next 50 years. One of the ports is the Acajutla Port, responsible for exporting a large portion of the country's coffee, sugar, and Peruvian vinegar. The other is the La Union Port, an idle and abandoned port located at the planned location of the BTC City project. This protocol is a result of Bukele's visit to Turkey in 2022.
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Salvadoran President Nayib Bukele shared a video statement on Monday, saying that Turkish holding company Yilport will invest $1.62 billion in two seaports in El Salvador, marking the largest private investment in the country's history. The partnership between Yilport and El Salvador will operate these two seaports for the next 50 years. One of the ports is the Acajutla Port, responsible for exporting a large portion of the country's coffee, sugar, and Peruvian vinegar. The other is the La Union Port, an idle and abandoned port located at the planned location of the BTC City project. This protocol is a result of Bukele's visit to Turkey in 2022.