Syria’s General Authority for Land and Sea Ports has signed an $800 million agreement with UAE-based logistics giant DP World to enhance the country’s port infrastructure and logistical services, according to the Syrian state news agency, SANA.
The agreement, formalised on Sunday, builds on a memorandum of understanding signed between both parties in May. Under the deal, DP World—a subsidiary of the United Arab Emirates’ investment firm Dubai World—will focus on developing a multi-purpose terminal at the Port of Tartous, located on Syria’s Mediterranean coast. The partnership will also explore the establishment of industrial and free trade zones.
The signing ceremony was attended by Syrian President Ahmed al-Sharaa, marking a significant step in Syria’s efforts to rebuild its war-torn economy and re-integrate into the global trade system.
The announcement comes just weeks after U.S. President Donald Trump signed an executive order lifting a longstanding U.S. sanctions regime on Syria. The move paves the way for renewed foreign investment and broader international financial engagement, following years of economic isolation due to the civil war.
The easing of sanctions is also expected to facilitate greater involvement by humanitarian organisations and streamline trade, as Syria seeks to recover from over a decade of conflict.
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