ALBAWABA- In a significant step to revitalize its maritime infrastructure, Syria has signed an $800 million agreement with Dubai-based global logistics company DP World to develop and modernize the country's ports and logistics services.
The agreement, announced by the Syrian Arab News Agency (SANA), was signed in the presence of President Ahmed al-Sharaa and is considered one of the largest foreign investment deals in Syria’s transport sector in recent years.
The deal was formalized between the Syrian General Authority for Land and Maritime Ports and DP World, and aims to improve the efficiency and capacity of several Syrian ports.
It includes integrated development projects, the modernization of port operations, and upgrades to logistical systems to streamline trade and support broader economic recovery.
The partnership is seen as a strategic move by the Syrian government to attract international investment and position its ports as competitive hubs in the eastern Mediterranean, enhancing Syria’s role in regional and global trade routes.
