Golden Finance reported that the Salvadoran government said on Sunday that Turkish holding company Yilport will invest $1.62 billion in two seaports in El Salvador, the largest private investment in the country's history, which is expected to support the construction of its "Bitcoin City". "This will be a company jointly owned by Yilport and El Salvador, which will operate the two seaports for the next 50 years," the government said in a video statement shared by Salvadoran President Nayib Bukele on Monday. The agreement is the product of Bukele's visit to Turkey in 2022. One of the ports is the Acajutla seaport, which is responsible for most of the country's exports of coffee, sugar and Peruvian balsamic vinegar. The other is the La Union seaport, an idle and abandoned seaport located at the site where the Bitcoin City is planned to be built.