
Syria is entering a new phase in the development of its strategically important port infrastructure. The country’s Ports Authority has signed a memorandum of cooperation with DP World, one of the world’s largest port operators based in the United Arab Emirates. This was reported by Syrian state television.
According to the agreement, $800 million will be invested into the Tartus port terminal to develop logistics services and infrastructure.
A new direction in Tartus: economic zones and transit hubs
Under the memorandum, both parties agreed to jointly establish special economic zones, construct new terminals, and create transit hubs across various regions of Syria. This initiative is expected to launch a new stage not only for Tartus but for the entire logistics system of the country.
Agreement with Russia annulled
This new deal comes after the Syrian government officially canceled the 2019 agreement with Russia, which had granted management of the civilian part of the Tartus port for a 49-year period.
As reported by the Al Watan newspaper, citing customs chief Riyad Jodi, the previous agreement failed to deliver due to high port fees and technical issues. The port was barely functioning, prompting the new leadership to revise the country’s port policy.
For now, the matter of Russia’s control over its military bases in Syria has not been brought up. Kremlin representatives stated that communication between the sides continues on all relevant matters.
Latakia also attracts foreign investment
This is not the only recent deal regarding Syrian ports. On May 1, the Syrian government signed a four-year contract with the French logistics giant CMA CGM to manage the port of Latakia. The agreement includes investments totaling €230 million.
A step toward economic recovery
By involving major international companies in its port infrastructure, Syria aims to enhance economic stability and revive foreign trade. The entry of global operators like DP World and CMA CGM may significantly strengthen the role of Syrian ports in international shipping and transit corridors.
Zamin.uz editorial will continue to cover economic and geopolitical developments in the region. In your opinion, which other countries might show interest in Syrian ports? Share your thoughts in the comments. Read 'Zamin' on Telegram!
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