Turkish company Yilport Holding has announced the largest private investment in El Salvador’s history, amounting to $1.615 billion. The funds will be directed toward the modernization of two key ports—Acajutla and La Unión. This investment plays a crucial role in the development of the Bitcoin City project, El Salvador’s ambitious plan to create a city fully powered by Bitcoin.
Under the terms of the agreement, Yilport Holding and the Salvadoran Comisión Ejecutiva Portuaria Autónoma (CEPA) will jointly manage the modernized ports for 50 years. La Unión, located near the proposed Bitcoin City site, will be a key facility for implementing this initiative. The project aims to stimulate economic growth and create new jobs in the country.
Bitcoin City, announced by President Nayib Bukele in 2021, envisions the use of geothermal energy to mine Bitcoin and promises to become a tax haven for businesses and investors. The investment from Yilport breathes new life into the project, underscoring El Salvador’s commitment to developing innovative infrastructure and the global digital economy.
