+
Syria Signs $800 Million Port Deal With UAE’s DP World
PORTS & SHIPPING

Syria Signs $800 Million Port Deal With UAE’s DP World

Syria’s General Authority for Land and Sea Ports has signed an agreement worth $800 million (approximately Rs 66.8 billion) with UAE-based DP World to enhance port infrastructure and logistics services in the country. The deal focuses on developing a multi-purpose terminal at Tartous on Syria’s Mediterranean coast and includes cooperation in establishing industrial and free trade zones.

The agreement builds on a memorandum of understanding signed in May and was formalised in the presence of Syrian President Ahmed al-Sharaa.

The deal comes shortly after the United States lifted sanctions on Syria via an executive order signed by President Donald Trump, ending a longstanding block on the country’s access to the international financial system. The move is expected to facilitate increased foreign investment, humanitarian aid, and economic reconstruction following years of civil conflict.

DP World, a subsidiary of Dubai World, is one of the world’s leading port operators and aims to play a central role in Syria’s infrastructure revival through this partnership.

Syria’s General Authority for Land and Sea Ports has signed an agreement worth $800 million (approximately Rs 66.8 billion) with UAE-based DP World to enhance port infrastructure and logistics services in the country. The deal focuses on developing a multi-purpose terminal at Tartous on Syria’s Mediterranean coast and includes cooperation in establishing industrial and free trade zones.The agreement builds on a memorandum of understanding signed in May and was formalised in the presence of Syrian President Ahmed al-Sharaa.The deal comes shortly after the United States lifted sanctions on Syria via an executive order signed by President Donald Trump, ending a longstanding block on the country’s access to the international financial system. The move is expected to facilitate increased foreign investment, humanitarian aid, and economic reconstruction following years of civil conflict.DP World, a subsidiary of Dubai World, is one of the world’s leading port operators and aims to play a central role in Syria’s infrastructure revival through this partnership.

Next Story
Infrastructure Transport

Mumbai–Pune Link to Bypass Ghat Ready by December

A 13-kilometre connector on the Mumbai–Pune Expressway, designed to bypass the congested and accident-prone Lonavala–Khandala ghat section, is set to be completed by December. The Maharashtra State Road Development Corporation (MSRDC), overseeing the project, has confirmed that construction is in its final stages.Currently, the 19-kilometre stretch between Khopoli and the Sinhgad Institute forces vehicles to navigate narrow, winding ghat roads. Once operational, the new link will allow motorists to skip this stretch entirely, easing congestion and improving safety.Handling around 75,000 ve..

Next Story
Infrastructure Transport

Metro Line 4, Flyover Open to Ease Thane Traffic

In a bid to streamline transport and ease mounting congestion, the Maharashtra government has inaugurated two major infrastructure projects in Mumbai: Metro Line 4 and Phase 1 of the Kasarvadavli Flyover. The newly opened 800-metre flyover is now operational, offering commuters faster transit between Thane and Gaimukh.Transport Minister Pratap Sarnaik formally opened the flyover, which lies parallel to the under-construction Metro Line 4 corridor. Built to decongest the heavily trafficked Ghodbunder junction, the structure enables seamless movement for vehicles bypassing the bottleneck.Designe..

Next Story
Resources

Pidilite Industries Marks World Youth Skills Day by Strengthening Skilling Initiatives

On the occasion of World Youth Skills Day, Pidilite Industries, a leading manufacturer of adhesives, sealants, construction chemicals and art materials, reaffirmed its commitment to youth empowerment through vocational training and digital tools. With the construction and real estate sectors in India expected to generate 30 million jobs by 2030, skilling is seen as a critical enabler for the country’s growth. Pidilite has trained over one lakh youth through its various initiatives, spanning trades such as plumbing, waterproofing, woodworking, construction, organic farming, interior desi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?