DP World Signs Agreement to Develop Tartus Port in Syria
The agreement, valued at $800 million, aims to enhance Syria's logistics infrastructure.
DP World, a leading global logistics and container terminal operator, has signed a memorandum of understanding with Syria's General Authority for Land and Maritime Ports to develop the logistics sector and supply chain in Syria.
The memorandum is valued at $800 million (approximately 2.9 billion dirhams) and represents a strategic move to bolster the port and logistics infrastructure within the country.
A spokesperson for DP World stated that the company looks forward to implementing the memorandum and will collaborate with Syrian government officials to explore all available opportunities to provide integrated solutions across the country.
This commitment to responsible investment aims to ensure the flow of trade globally in any region of operation.
The General Authority for Land and Maritime Ports in Syria confirmed the signing of the memorandum with DP World, signifying a significant investment aimed at enhancing the operational capacity and efficiency of the Tartus port.
The agreement includes comprehensive investment in the development, management, and operation of a multipurpose terminal at Tartus, which is expected to strengthen the port's role as a key hub for regional and international trade traffic.
This development comes in light of recent positive political developments and signals of renewed international cooperation with Syria, suggesting a gradual shift in the country's engagement with global trade networks.
The memorandum is valued at $800 million (approximately 2.9 billion dirhams) and represents a strategic move to bolster the port and logistics infrastructure within the country.
A spokesperson for DP World stated that the company looks forward to implementing the memorandum and will collaborate with Syrian government officials to explore all available opportunities to provide integrated solutions across the country.
This commitment to responsible investment aims to ensure the flow of trade globally in any region of operation.
The General Authority for Land and Maritime Ports in Syria confirmed the signing of the memorandum with DP World, signifying a significant investment aimed at enhancing the operational capacity and efficiency of the Tartus port.
The agreement includes comprehensive investment in the development, management, and operation of a multipurpose terminal at Tartus, which is expected to strengthen the port's role as a key hub for regional and international trade traffic.
This development comes in light of recent positive political developments and signals of renewed international cooperation with Syria, suggesting a gradual shift in the country's engagement with global trade networks.
