In a strategic move to modernize its ports and logistics sector, Syria’s General Authority for Land and Maritime Borders announced the signing of a Memorandum of Understanding with DP World, worth $800 million USD (approximately AED 2.9 billion).
The agreement paves the way for a major investment in the development, management, and operation of a multi-purpose terminal at the Port of Tartous. The project aims to increase the port’s operational efficiency and capacity, positioning it as a key regional and international trade hub.
But the partnership goes beyond the port itself. The MoU also includes plans to establish industrial zones, free zones, inland ports, and cargo transit stations in various strategic locations across Syria — a reflection of both parties’ commitment to supporting economic development and enhancing trade and transport flows.
According to the Authority, this initiative aligns with the Syrian government’s broader vision to revitalize its transportation and logistics sector, attract foreign direct investment, and accelerate the reconstruction process while boosting the national economy.
This agreement also signals strong confidence from global players like DP World in Syria’s logistical potential and highlights the country’s re-emergence as a meaningful link in the global trade network through modernization and international collaboration.
