US EditionCMA CGM Commits to Modernize Syria’s Latakia Port with New 30-Year Deal
- On May 1, 2025, Syria and French shipping group CMA CGM signed a 30-year agreement to operate and expand Latakia port.
- The deal followed renewed negotiations after rebels ousted Bashar al-Assad in December 2024 and extended a contract made under Assad in October 2024.
- The agreement mandates a 230 million euro investment to build a new 1.5-kilometer, 17-meter-deep berth and upgrade port infrastructure.
- Joseph Dakak, CMA CGM Levant’s general manager, told Reuters the company is “committed to modernizing and expanding the terminal” to meet rising demand and strengthen regional supply chains.
- The expanded port will share operational revenues about 60% to Syria and 40% to CMA CGM under continued state supervision and aims to boost local maritime activity.
16 Articles
16 Articles
Syria: CMA CGM invests 230 million in the port of Latakia and commits itself for thirty years
Syria signs a contract with the shipowner CMA CGM for the operation of the container terminal of the port of Latakia, the main Syrian port of trade. The discussions between the French group of maritime transport and logistics, and the Syrian authorities were revealed last February. But, since then, nothing had filtered on these negotiations. Until 1 May...
Syria Signs Strategic Partnership with French Shipping Giant CMA CGM - The Syrian Observer
The Syrian General Authority for Land and Maritime Ports announced on Thursday the signing of a strategic partnership agreement with the French shipping company CMA CGM. According to an informed source who spoke to 963+, the agreement was formalised during a ceremony held at the People’s Palace in Damascus, attended by Ahmed al-Sharaa, head of Syria’s transitional phase. As part of the meeting, a separate deal was also signed with a French firm …
CMA CGM Commits to Modernize Syria’s Latakia Port with New 30-Year Deal
The new government of Syria and CMA CGM made official today their new agreement to operate the Latakia port, the country’s main seaport which is located on the northern Mediterranean coast. CMA CGM has operated the port for more than a decade under the regime of Bashar al-Assad. The new government announced in February that it had reached terms with the French group for a new, much longer, management agreement, but under revised terms. During t…
Syria signs 30-year port deal with shipping giant: officials
Syria signed a 30-year contract with French shipping giant CMA CGM to develop and run the port of Latakia, the port's director and a company official said on Thursday. Joseph Dakak, CMA CGM's regional director, said he was "pleased today to announce the signing of an investment and management contract for the port of Latakia for the next 30 years". "Within the framework of this contract, we committed to modernizing the port, expanding it, and de…
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