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.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement