Global Ports Holding (GPH) has been awarded a 30-year concession to operate the Ferrol Cruise Port, located in the inner port of Ferrol, Spain.
The concession was awarded to GPH following a competitive bidding process launched by the Ferrol-San Cibrao Port Authority. The closing of the transaction is subject to the final signing of the concession agreement.
During the concession period, a new terminal building will be constructed on the outer dock. The first phase will include a 480-square-meter building, followed by an expansion to 980 square meters in a second phase, scheduled for completion in 2031.
Mehmet Kutman, President and CEO of Global Ports Holding, stated: “Ferrol represents a significant milestone in our ongoing expansion across Spain and the Atlantic region. We look forward to investing in a modern cruise terminal that will enhance the passenger experience and support the destination’s long-term growth.”
Ferrol is strategically located on the northwest coast of Spain, along the main Atlantic cruise routes connecting Northern Europe, the Iberian Peninsula, and the Canary Islands. This project will further strengthen GPH's presence in Spain—where Ferrol will become its tenth port—while expanding its footprint in the Atlantic region, alongside its existing operations in Málaga, Las Palmas, Casablanca, and Lisbon.
Under the agreement, GPH will invest in the construction of a modern, open-access terminal designed to serve all cruise lines, shipping agents, and passenger service providers. The terminal will feature dedicated areas for passenger check-in, baggage handling, and information services, as well as additional mobile facilities to accommodate vessels berthed farther from the main terminal building.
Thanks to GPH's global operational experience and strong relationships with cruise lines, the Port of Ferrol is expected to experience significant growth in cruise traffic. Passenger numbers are projected to increase from approximately 23,000 in 2026 to nearly 80,000 in 2034 under GPH's management.
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