Global Investment Holdings Inc. announced that its indirect subsidiary Global Ports Holding Plc (GPH) has signed the concession agreement for Alicante Cruise Port.
In the statement made to the Public Disclosure Platform (KAP), the following was recorded: “With our material disclosure dated December 16, 2022, the joint venture of Servicios Portuarios Canarios (Sepcan) in Alicante, in which our company's indirect subsidiary Global Ports Holding Plc (GPH) is an 80% shareholder. We have announced to the public that the offer given for the tender for the operating concession of the Cruise Port was selected as the best offer by the Alicante Port Authority. GPH has informed our company that Sepcan has signed a concession agreement for the operation of the cruise operations of Alicante Port for 15 years. The commencement of operations is expected by the end of GPH's fiscal year (31 March 2023). Alicante Cruise Port is undergoing a comprehensive investment process by the port authority, which will significantly improve the port and its surroundings and ensure integration with the coastline and the city. In accordance with the terms of the concession agreement, GPH plans to invest up to 2 million euros for the refurbishment and modernization of the cruise terminal. Alicante Cruise Port is one of the most in demand and growing cruise destinations on the east coast of Spain, with over 100.000 passengers a year. The port has a strong airline connection and is ideally located to be included in Mediterranean cruise itineraries.”