US EditionSyria and UAE's DP World Sign $800 Million Agreement for Tartus Port Development
- The Syrian government and UAE’s DP World signed an $800 million memorandum to develop, manage, and operate Tartus Port including industrial zones.
- The signing followed the lifting of U.S. Sanctions, a decision influenced by discussions involving Saudi and Turkish leaders urging its removal.
- Syria seeks to attract foreign investment to improve port operations, which handle about 90% of global goods and support its struggling economy.
- The contract duration is 30 years with DP World expected to invest $800 million, aiming to boost regional trade and integrate Syria into global markets.
- This agreement could enhance Syria’s economic ties and port infrastructure, offering potential benefits from private sector involvement in key facilities.
18 Articles
18 Articles
Syria gave the port of Tartus, where the Russian Navy base was located, to the UAE: EADaily
EADaily, May 16th, 2025. The Syrian Ports Authority has signed a memorandum with the world's largest port operator DP World of the United Arab Emirates (UAE), under which $ 800 million will be invested in the development of the terminal and logistics services of the port of Tartus.
DP World and Syria Sign $800 Million MoU to Develop Tartous Port
The General Authority for Land and Sea Ports signed a memorandum of understanding (MOU) with Dubai Ports World (DP World) worth $800 million, a strategic step aimed at strengthening port infrastructure and logistics services in Syria. The memorandum includes a comprehensive investment in the development, management, and operation of a multi-purpose terminal at Tatous Port, contributing to raising the port’s efficiency, increasing its operational…
Syria and DP World ink $800 million deal for port development
CAIRO: The Syrian government and DP World signed a memorandum of understanding worth $800 million to develop Syria’s port of Tartous, Syrian state news agency SANA said on Friday, after the lifting of USsanctions cleared the way for the deal. The deal to develop, manage and operate a multi-purpose terminal at Tartous includes cooperation in establishing industrial and free
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