Syria Signs $800 Million Agreement with UAE’s DP World to Enhance Ports Infrastructure

July 13 (Reuters) – Syria’s General Authority for Land and Sea Ports signed a $800 million agreement with UAE’s DP World to bolster Syrian ports infrastructure and logistical services, as reported by Syrian state news agency SANA.

The agreement, which follows a memorandum of understanding signed between the two sides in May, focuses on developing a multi-purpose terminal at Tartous on Syria’s Mediterranean coast and cooperation in setting up industrial and free trade zones.

The signing ceremony was attended by Syrian President Ahmed al-Sharaa, highlighting the significance of the deal in enhancing Syria’s maritime capabilities and economic development.

With the recent executive order signed by U.S. President Donald Trump terminating a U.S. sanctions program on Syria, the country is poised to end its isolation from the international financial system and rebuild its economy, which has been severely impacted by the civil war.

The removal of U.S. sanctions will pave the way for greater engagement by humanitarian organizations operating in Syria, as well as facilitate foreign investment and trade as the country embarks on its reconstruction efforts.

Overall, the agreement with DP World marks a significant step towards revitalizing Syria’s ports infrastructure and fostering economic growth in the region.

(c) Copyright Thomson Reuters 2025.

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