Syria signs 800 million dollars in accelerated port with the company of water DP World | Commercial and economic news

“Syria has precious assets,” said DP World CEO, highlighting the country’s economic potential.

Syria has finalized an agreement of $ 800 million with DP World, based in Dubai, to redevelop its active port in order to accelerate post-war reconstruction.

The Sana State news agency said that the agreement had been signed in Damascus on Sunday between DP World and the general authority for land and sea ports, in the presence of Syrian President Ahmed Al-Sharaa.

Syrian officials have described the agreement as a key step towards modernizing the country’s logistics infrastructure.

“This strategic decision will strengthen our services for port operations and logistics,” said Sana an anonymous official.

Since the Fall of former President Bashar al-Assad In December, the new management of Syria led to restoring economic links with international companies and bringing the country torn apart by the war to the world market.

Speaking after the signing, the global CEO of DP Sultan Ahmed Bin Sulayem said that the economic potential of Syria has remained strong, noting that the rugged port could play a central role in the revival of the local industry.

“Syria has precious assets,” he said, “and Tartélé is an essential center for trade and exports. We aim to transform it into one of the main ports of the world. ”

‘Lay the foundations’

DP World manages dozens of port facilities across Europe, Africa and Asia and has widened its scope in the Middle East.

Quetaiba Badawi, who directs the port authority of Syria, said that the agreement has marked more than a simple commercial enterprise.

“We lay the foundations for a new era of maritime development, again positioning Syria on the international economic stadium,” he said.

The active agreement follows several high -level contracts signed in recent months.

In May, Damascus concluded a 30 -year agreement with the French maritime company CMA CGM to operate the port of Latakia. This same month, Syria has signed an energy agreement of $ 7 billion with a coalition of Qatarian, Turkish and American companies to revive the country’s electricity sector.

Earlier this month, the UNITED STATES said he would revoke his designation of Hayat Tahrir Al-Sham as a “foreign terrorist organization” while Washington softens his approach to post-war Syria.

Last month, US President Donald Trump delivered a decree The lifting of several longtime sanctions against Syria, which, according to Washington, would support the reconstruction of the country. The US Treasury noted that the decision would facilitate restrictions on companies considered vital for the reconstruction and governance of Syria.

Western sanctions have hampered reconstruction efforts for years, still paralyzing an economy already broken by more than a decade of civil war and human rights violations during the reign of al-Assad.