US EditionRevitalizing Syria: $800 Million Port Transformation Deal
SYRIA, JUL 13 – DP World will invest $800 million over 30 years to modernize Syria's Tartus Port, aiming to boost trade connectivity across Southern Europe, the Middle East, and North Africa.
- Sunday’s ceremony in Damascus had Syria's General Authority for Land and Sea Ports and DP World formalize a $800 million, 30-year concession agreement to redevelop Tartus Port.
- Amid 14 years of civil war, Syria sought foreign investment, and following a May 16 MoU and the lifting of US sanctions, it laid the groundwork for the port agreement.
- Under the Build-Operate-Transfer model, DP World will invest $800 million across the concession period and introduce new infrastructure, cargo-handling equipment and digital systems.
- According to local reports, DP World's involvement could significantly reduce port congestion, streamline customs procedures and boost imports of construction materials and consumer goods.
- Future initiatives include DP World exploring free zones, inland logistics hubs and transit corridors, positioning Syria to tap into global trade routes and support broader economic recovery.
41 Articles
41 Articles
The Syrian government has reached an agreement with the world's largest port operator DP World (UAE) to attract investments totaling $800 million in the development of the Syrian port of Tartus.
The official Syrian Arab News Agency (SANA) announced the signing of a strategic agreement between the General Authority of Land and Sea Ports of Syria and Dubai Ports World, worth $800 million, to develop port infrastructure and improve logistics services in Syria...
DP World to develop Syria’s Tartus Port under landmark 30-year deal
DP World has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the Port of Tartus. As part of the agreement, DP World will invest $800 million over the duration of the concession to upgrade the port’s infrastructure and position it as a critical regional trade hub connecting Southern Europe, the Middle East and North Africa. The agreement was signed in Damascus in the presence of …
Syria signs $800m port deal with DP World
Syria signed a $800 million deal with UAE-based company DP World on Sunday to develop the port of Tartus, state media reported, as the new authorities continue their efforts to support post-war reconstruction. "In the presence of President Ahmed Al-Sharaa, an agreement was signed between the General Authority for Land and Sea Ports and DP World, valued at $800 million, as a strategic step aimed at enhancing port infrastructure and logistics serv…
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