Syria signs $800 million deal with Pay World

DP World signs $800 million deal to build Syria

The SANA news agency said the agreement was signed between DP World and the General Authority for Land and Sea Ports in Damascus on Sunday in the presence of Syrian President Ahmed al-Sharaa.
Syrian officials described the deal as a key step towards modernising the country’s logistics infrastructure.

“This strategic move will bolster our port operations and logistics services,” SANA quoted an unnamed official as saying.

Since the fall of former President Bashar al-Assad in December, Syria’s new leadership has been pushing to re-establish economic ties with international companies and bring the war-torn country back into the global market.

Speaking after the signing, DP World CEO Sultan Ahmed bin Sulayem said Syria’s economic potential remained strong, noting the Tartous port could play a central role in reviving local industry.

“Syria possesses valuable assets,” he said, “and Tartous is an essential hub for trade and exports. We aim to transform it into one of the world’s leading ports.”