Mississippi State Port Authority and Turkish firm Yilport Holdings have signed a letter of intent (LOI) regarding expansion of the Port of Gulfport.
The port is nearing completion of a $570 million restoration project and Yilport will invest in facilities and equipment upgrades as part of a lease agreement with the Port Authority.
It will be the first terminal investment in North America by Yilport, which is part of the Yildirim Group.
Yilport has public-private partnership deals at port terminals in Peru and Ecuador in South America.
It plans to grow volume of refrigerated goods from its Ecuador and Peru terminals through Gulfport to the American Midwest.