DP World announced that it has entered into a 30-year agreement with the Syrian General Authority for Land and Maritime Transport to develop and operate the Tartus Port. The project will be executed entirely by DP World under a Build-Operate-Transfer (BOT) model.
The investment aims to transform Tartus into a strategic trade hub linking Southern Europe, the Middle East, and North Africa. The agreement was signed in Damascus by Sultan Ahmed bin Sulayem, Chairman of DP World, and Qutaiba Ahmed Badawi, Director General of the Syrian Ports Authority.
Following over a decade of conflict and infrastructure challenges, DP World views the redevelopment of Tartus as a key step toward reintegrating Syria into regional trade networks. “We believe in Tartus’ potential to become a vital gateway for trade,” said bin Sulayem. “With this investment, we aim to strengthen regional connectivity and boost economic opportunities.”
Tartus is Syria’s second-largest port and is strategically located on the Mediterranean coast. Once upgraded, it will be equipped to handle container, bulk, and Ro-Ro (Roll-on/Roll-off) cargo, allowing trucks and vehicles to be loaded and unloaded directly from vessels. This is expected to reduce both loading times and operational costs.
DP World is also considering additional investments, including the establishment of free zones and logistics centers. With operations in over 75 countries, the company seeks to further expand its presence in the Middle East through this initiative.
Comments
No comment yet.