Turkey and AD Ports End Negotiations for Izmir’s Alsancak Port

The planned investment by AD Ports Group in Turkey’s Alsancak Port in Izmir has fallen apart after failed negotiations. The Turkish government this week confirmed that it has ended talks with the UAE company over the operation of the port. 

The negotiations have been ongoing for almost two years. AD Ports was expected to buy a stake in the port in the western province of Izmir. The port has been operational since 1959, and according to the Invest in Izmir initiative, the port is today the country’s seventh largest in terms of container volume a…