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

15 Jul 2025 CW Team

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.

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