Dubai ports invest 800 million dollars to develop “Tartous Port” in Syria

Dubai Ports World Group (DPDDRED) has signed a 30 -year concession agreement with the General Authority of Syrian Land and Navy Ports, with the aim of developing and operating the port of Tartous.

Under the agreement, the DP World Group will invest $ 800 million (2.93 billion dirhams) over the concession period, with the aim of developing the port infrastructure in a comprehensive manner, and establishing its position as a vital regional commercial center linking southern Europe, the Middle East and North Africa.

The agreement was signed in the capital, Damascus, in the presence of the Syrian President, Ahmed Al -Shara, by the Chairman of the Board of Directors, CEO of the Dubai Ports Group (DP and Reeld), Sultan Ahmed bin Salim, and the head of the General Authority for the Syrian Land and Navy Ports, Qutaiba Ahmed Badawi.

After more than a decade of conflict and long -term investment lack in the trade infrastructure, Tartous Port Resolution is a pivotal station in reintegrating the Syrian economy.

This project adopts the “Building, Employment and Transformation” model, which is fully owned by the Dubai Ports World Group, and the project will include a comprehensive update package that includes developing a new and advanced infrastructure, supplying modern equipment to handle goods, in addition to integrating advanced digital systems. These improvements aim to enhance operational efficiency in both container stations and goods inside the port.

Sultan Ahmed bin Salim said: “This agreement reflects our long -term commitment to empowering global trade and building flexible supply chains, we see strong potential in Tartous port to be a vital commercial gate, and we look forward to strengthening regional linkage and economic opportunities through this investment, and we believe in (DP and Reclor) the force of trade in pushing stability and prosperity in the long term of Syria and the region.”

For his part, Qutaiba Ahmed Badawi said: “This agreement represents an important step towards developing the port of Tartous and strengthening the maritime transport sector in Syria, and our partnership with (DP and Drald) will provide us with the ability to update the infrastructure of trade and enhance its efficiency, in parallel with our continuous efforts to re -establish vital trade paths, support the national economy, and provide more opportunities for the Syrian people.”