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Our Company has been informed that Global Ports Holding ("GPH"), our indirect subsidiary, has been selected as the preferred bidder for the 30-year operating concession of the Ferrol Cruise Port, tendered by the Port Authority of Ferrol–San Cibrao in Ferrol, Spain.
Should the concession right be obtained, a new terminal building will be constructed on the outer jetty. The first phase of the project is planned to comprise a 480-square-metre building, and in the second phase, this area is expected to be expanded to 980 square metres, with completion planned by 2031.
Ferrol is strategically located on the northwest coast of Spain along key Atlantic cruise routes connecting Northern Europe, the Iberian Peninsula, and the Canary Islands. This investment is expected to become GPH's 9th port operation in Spain and further strengthen the Company's presence in the Atlantic region, alongside its existing operations in Málaga, Las Palmas, Casablanca, and Lisbon.
GPH plans to build a modern terminal open to all cruise lines, agents, and passenger service providers. The terminal would include dedicated areas for passenger check-in, luggage handling, and guidance services, supported by mobile facilities for ships berthed away from the main building.
Leveraging GPH's global operational expertise and strong relationships with cruise lines, Ferrol Cruise Port is expected to experience significant growth in the coming years. Annual passenger numbers under GPH's management are projected to increase from approximately 23,000 in 2026 to around 80,000 by 2034.
The English translation of this announcement is attached. In case of any discrepancies between the Turkish and English versions, the Turkish announcement shall prevail.
Respectfully submitted to the public.
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