DP World to invest US$800 mn in Syria’s port redevelopment

DP World has signed a 30-year build-operate-transfer concession with Syria’s General Authority for Land and Sea Ports to develop and operate Tartus Port, Sultan Ahmed Bin Sulayem, Group Chairman & CEO, DP World, disclosed. The agreement will see US$800 million invested to modernise infrastructure, install advanced cargo-handling systems and digitise operations, aiming to position Tartus Port as a strategic trade hub linking southern Europe, the Middle East, and North Africa. The project includes plans to explore free zones, inland logistics hubs, and transit corridors, supporting Syria’s broader trade and economic reintegration after years of conflict and underinvestment. “I am proud to have signed a 30-year agreement to redevelop Syria’s Tartus Port, in the presence of President Ahmed Al-Sharaa, with a US$ 800 million investment,” Sulayem added.