“DPDDDDDDDD” is the development of the port of Tartous under a 30 -year agreement

Dubai Ports World Group “DPDDRED” has signed a thirty -year concession agreement with the General Authority of Syrian Land and Navy Ports, which aims to develop and operate the port of Tartous.

According to the agreement, the DP World Group will invest $ 800 million over the concession period, with the aim of developing the port infrastructure in a comprehensive manner and consolidating its position as a vital regional trade center linking southern Europe, the Middle East and North Africa.

The agreement was signed in the capital, Damascus, in the presence of President Ahmed Al -Shara, President of the Syrian Arab Republic of Sultan Ahmed bin Sulayem, Chairman and CEO of Dubai Ports World Group “DP and Reel”, Qutaiba Ahmed Badawi, Chairman of the General Authority for Syrian Land and Navy Ports, according to the official Emirates News Agency.

After more than developing developments and long -term investments in the trade infrastructure, the Tartous Port Resolution is a pivotal station in the reintegration of the Syrian economy.

This project adopts the “Building, Employment and Transformation” model, which is fully owned by the Dubai World Ports Group, and will include a comprehensive update package that includes developing a new and advanced infrastructure, supplying modern equipment to handle goods, as well as integrating advanced digital systems.

Syria .. enormous investment opportunities

These improvements aim to enhance operational efficiency in both container stations and goods inside the port.

This agreement reflects our long -term commitment to empowering global trade and building flexible supply chains, and we see strong potentials in Tartous Port to be a vital commercial gate, and we look forward to strengthening regional linkage and economic opportunities through this investment, “said Sultan Ahmed bin Sili, Chairman and CEO of Dubai Ports World Group” DPDDD “. We believe in the “DB World” with the power of trade in pushing stability and prosperity in the long term of Syria and the region.

For his part, Qutaiba Ahmed Badawi, head of the General Authority for the Syrian Land and Navy Ports, said: “This agreement represents an important step towards developing the port of Tartous and strengthening the maritime transport sector in Syria, and it will allow us our partnership with the DB World” 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 people Syrian.

He added: “This agreement embodies our common vision to transform the port of Tartous into a strategic gate linking Syria with regional and international markets, and paves the way for sustainable growth over the coming years.”

Tartous port has a vital geographical location on the Syrian coast overlooking the Mediterranean Sea, which makes it the second largest port in the country and a major naval gate linking trade routes between Europe, the Levant and North Africa, and this strategic location strengthens regional ties significantly, thus completing the existing commercial paths through the Bosphorus and the Suez Canal.

Through the comprehensive redevelopment process, Tartous’s port will become able to deal with multiple types of shipments, including general goods, containers, bulk goods, and burning goods movement, and this effective development will contribute to expanding the commercial capabilities of Syria and supporting its continuous efforts for reconstruction and development.

“DBDDDDDDD” will explore new investment opportunities in close cooperation with local partners, with the aim of developing free zones, advanced logistical centers and strategic crossing corridors.

These initiatives aim to support comprehensive economic diversification efforts and facilitate the movement of trade on a wider scale .. The “DP and Recess” has a presence in more than 75 countries, where its ports and stations deal with 9.2% of the total global container movement, and the Tartous project comes to constitute a qualitative addition to its growing portfolio, and its strategic operations in the Middle East region.