The General Authority for Land and Sea Ports and DP World sign a memorandum of understanding worth USD 800 million

Domestic NewsEconomyfeature

The General Authority for Land and Sea Ports signed a memorandum of understanding with Dubai Ports World worth 800 million US dollars. This strategic agreement aims to strengthen the port and logistics infrastructure in Syria.

The memorandum includes a comprehensive investment in the development, management, and operation of a multi-purpose terminal at the port of Tartus.
This investment is expected to enhance the port’s efficiency and increase its operational capacity, solidifying its role as a hub for regional and international trade.
Both parties agreed to collaborate on the establishment of industrial zones, free zones, dry ports, and cargo transit stations in several strategic locations within the Syrian Arab Republic. This cooperation reflects their commitment to support economic development and facilitate trade and transportation.
This initiative aligns with the Syrian government’s vision to enhance the transport and logistics sector, attract foreign direct investments, and contribute to reconstruction efforts while stimulating the national economy.

Amal Farhat

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