Türkiye is in ongoing discussions with Abu Dhabi Port (ADP) to form a joint venture for the operating rights of Izmir Port, located on the Aegean coast. According to two sources familiar with the negotiations, talks are continuing despite delays caused by changes in regional competition and capacity conditions.
In December, it was reported that ADP was interested in acquiring a stake in Izmir Port, with the potential deal valued at approximately $500 million. Although Türkiye explored other potential buyers, it ultimately decided to move forward with ADP.
Izmir Port, which has been operational since 1959, is one of the largest ports in Türkiye in terms of container volume and cargo tonnage. While the port has strong logistical connections, it is in need of further investment, according to one of the sources.
The Türkiye Wealth Fund (TWF), which includes Izmir Port in its portfolio, expressed its commitment to enhancing the value of the port for the country. In a written statement, TWF stated that it is working to maximize the value of its assets and create added benefits for Türkiye and Izmir Port.