Syria signs $800m Tartous port deal with UAE firm DP World

Syria signs $800 m agreement with Dubai-based DP World to redevelop its Tartous port in a bid to speed up post-war reconstruction. 

State news agency SANA said the deal was signed in Damascus on Sunday between DP World and the General Authority for Land and Sea Ports, in the presence of Syrian President Ahmed al-Sharaa. Syrian officials described the deal as a key step towards modernising the country’s logistics infrastructure. 

“This strategic move will bolster our post operations and logistics services,” SANA quoted an unnamed official as saying.

Since the fall of former president Bashar al-Assad in December, Syria’s new leadership has been pushing to re-establish economic ties with international companies and bring the war-torn country back into the global market. 

Speaking after the signing, DP World CEO Sultan Ahmed bin Sulayem said Syria’s economic potential remained strong, noting the Tartous port could play a central role in reviving local industry.