El Salvador Secures $1.62B Investment from Turkey's Yilport for Bitcoin City

Aug 12, 2024, 01:53 PM

El Salvador has announced a significant $1.62 billion private investment by Yilport Holding, marking the largest in the nation's history. This investment aims to modernize the port at Acajutla and develop a new port at La Union, which is set to become the home of the proposed Bitcoin City. This initiative is part of President Nayib Bukele's phase 3 of economic transformation, focusing on enhancing logistics infrastructure. The investment by the Turkish company Yilport Holding is expected to boost El Salvador's economic growth and transform its logistics landscape.