Deal with Ports Authority aims to rebuild and position nation as key regional trade hub
Dubai: Global logistics giant DP World has signed an $800 million agreement with Syria’s General Authority for Land and Sea Ports to develop and manage a multipurpose terminal at Tartus Port, marking a major step in Syria’s post-war reconstruction efforts.
The deal, signed in the presence of Syrian President Ahmed Al Sharaa, is intended to strengthen the country’s port infrastructure and logistics capabilities after more than a decade of devastating conflict.
The agreement builds on a memorandum of understanding signed between the two parties in May and includes comprehensive investments in the development, management, and operation of key facilities at Tartus, one of Syria’s most strategically located ports on the Mediterranean.
“Syria’s economic foundations are significant, and Tartus Port represents a vital gateway for transporting and exporting Syrian industries,” said Sultan bin Sulayem, Chairman of DP World. “Our goal is to transform Tartus into one of the world’s leading ports in terms of transport and cargo-handling services.”
Once completed, the project is expected to significantly boost the port’s efficiency and operational capacity, reinforcing its potential as a hub for regional and international trade routes.
The move reflects a growing effort by both local and international stakeholders to revive Syria’s economy and reintegrate it into broader commercial networks, despite ongoing geopolitical sensitivities.
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