DP World has signed a 30-year concession agreement with Syria to develop and operate the Port of Tartus, marking a major milestone in the country’s post-conflict economic recovery.
The agreement with the General Authority for Land and Sea Ports includes a planned US$800 million investment over the concession period to modernise the port and position it as a key trade hub for the Middle East, North Africa and southern Europe.
The deal was signed in Damascus in the presence of President Ahmed Al-Sharaa, with DP World chair and chief executive Sultan Ahmed bin Sulayem and authority chair Qutaiba Ahmed Badawi formalising the agreement.
“This agreement reflects our long-term commitment to enabling global trade and creating resilient supply chains,” said Sultan Ahmed bin Sulayem.
“We see strong potential in Tartus to serve as a vital trade gateway. Trade has the power to drive long-term stability and prosperity for Syria and the region.”
Structured under a build-operate-transfer model and fully owned by DP World, the redevelopment project will overhaul port infrastructure, introduce advanced cargo-handling equipment and implement digital systems to increase operational efficiency.
The upgrades will cover container, breakbulk, RoRo and general cargo terminals, transforming Tartus into a strategic maritime hub.
“This marks an important step forward for Syria’s maritime sector,” said Qutaiba Ahmed Badawi. “Partnering with DP World will strengthen trade infrastructure, support our national economy and provide opportunities for the Syrian people.”
In addition to port development, DP World plans to explore free zones, inland logistics hubs and transit corridors in partnership with Syrian stakeholders, helping expand the country’s role in regional trade.
