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#Syria’s General Authority for Land and Sea Ports has signed an $800 million agreement with #UAE’s DP World to bolster Syrian ports infrastructure and logistical services, Syrian state news agency SANA reports. https://t.co/qUsnCrTblf
NEW -- with U.S. sanctions out of the way, the prior MOU between #Syria & DP World to develop #Tartus Port has today been turned into an $800 million contract -- in a ceremony presided over by President Ahmed al-Sharaa. https://t.co/921xkN3Jzp
Syria signs $800 million agreement with DP World to bolster Syrian ports infrastructure and logistical services - Syrian State News Agency. https://t.co/T3itU9Impm
Syria’s General Authority for Land and Sea Ports signed an $800 million contract with Dubai-based DP World to upgrade and expand the country’s maritime infrastructure, according to the state-run Syrian Arab News Agency (SANA). The agreement converts a prior memorandum of understanding into a binding deal covering ports and related logistical services, including work at Tartus, one of Syria’s key Mediterranean gateways. The signing ceremony on 13 July was presided over by President Ahmed al-Sharaa. Observers noted that the contract became possible after the removal of U.S. sanctions that had previously restricted large-scale foreign investment in Syrian transport assets.
