YILPORT will invest $1.62 billion in two ports in the Bitcoin-supporting country of El Salvador. This investment will triple the capacity of the Port of Acajutla and reactivate the Port of La Union. YILPORT is expected to operate these ports for 50 years.

Turkey-based YILPORT Holding has announced a $1.62 billion investment plan to increase the capacity of two important ports in El Salvador, the first country to accept Bitcoin as its official currency. This investment will be made within the scope of the economic revival strategy of El Salvador President Nayib Bukele. YILPORT plans to triple the capacity of the Port of Acajutla and reopen the Port of La Union, which has been closed since 2008.

Continuing to invest in strategic locations in Central America, YILPORT Holding has previously conducted port operations in countries such as Guatemala, Ecuador and Peru, and is now targeting two important ports in El Salvador. As the country’s largest trade gateway, the Port of Acajutla has carried 3.1 million metric tons of cargo as of 2024. A significant increase in El Salvador’s foreign trade volume is expected with the increase in the capacity of this port.

The Port of La Union, despite being completed in 2008, has not yet become operational. YILPORT’s plans to make the necessary investments to reopen this port are considered a major gain for the country’s economy. Deepening the port and making it suitable for large ships will bring new life to the region’s trade traffic.

The agreement between YILPORT and the Government of El Salvador foresees the joint operation of both ports for a period of 50 years. This is made possible by the creation of a new structure defined as a “mixed economy company”, going beyond the 40-year limit set by Salvadoran law. This structure allows for long-term cooperation independent of legal restrictions.

This investment stands out as a strategic step that strengthens not only El Salvador’s but also YILPORT’s position in the global arena. Turkey having more ports worldwide is considered an important gain in economic and political terms. This investment, which is in line with El Salvador’s economic revival plans, will reshape the region’s trade dynamics and reinforce YILPORT’s presence in Central America.

In addition, this investment move in El Salvador is drawing attention in the cryptocurrency world because the country is known as a center that supports Bitcoin. President Nayib Bukele remains on the agenda with his strong statements of support for Bitcoin, and it is known that the country currently has more than 5,800 BTC.

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