Turkey-Abu Dhabi joint venture talks for Izmir Port continue, sources say
Turkey's talks with state-controlled Abu Dhabi Port (ADP) to set up a joint venture for operating rights of the Aegean port of Izmir are continuing, two sources familiar with the matter told Reuters.
In December, Reuters reported that Abu Dhabi was interested in buying a stake to operate Izmir Port, in a possible deal that could be valued at about $500 million.
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Changes in regional competition and capacity conditions delayed the closing of the deal, two sources said, adding that negotiations continued to try to finalise it.
Source: Reuters
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