{"id":87566,"date":"2025-07-15T00:00:00","date_gmt":"2025-07-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/07\/15\/dp-world-to-invest-in-tartus-port-under-30-year-agreement\/"},"modified":"2025-07-15T00:00:00","modified_gmt":"2025-07-15T00:00:00","slug":"dp-world-to-invest-in-tartus-port-under-30-year-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/07\/15\/dp-world-to-invest-in-tartus-port-under-30-year-agreement\/","title":{"rendered":"DP World to invest in Tartus Port under 30-year agreement"},"content":{"rendered":"

DP World<\/strong> has inked a 30-year concession agreement with <\/strong>Syria's General <\/strong>Authority for Land and Sea Ports (GALSP) to develop and operate <\/strong>Tartus<\/strong> Port,<\/strong> according to a statement<\/a>. Under the agreement, DP World will invest USD 800 mn to redevelop the port under a build-operate-transfer (BOT) model and turn it into a trade node linking Europe, the Middle East, and North Africa, the statement reads.<\/p>\n

Where will the investments go? <\/strong>DP World will invest in adding enhanced cargo-handling equipment, advanced infrastructure, and integrated digital systems to boost efficiency across the port\u2019s container and general cargo terminals. The port operator will also explore setting up industrial zones, freezones, dry ports, and freight transit stations in strategic areas across Syria. <\/p>\n

Background: <\/strong>The concession agreement formalizes the port operator\u2019s earlier commitment from May to invest USD 800 mn<\/a> in the port\u2019s infrastructure. The agreement is the biggest investment agreement yet for the new Syrian government, after it signed a USD 260 mn new berth agreement for Latakia port<\/a> with French shipping giant CMA CGM also in May.<\/p>\n

About the port: <\/strong>Tartus is Syria\u2019s second largest port, with an annual handling capacity of about 20k containers and about 4 mn tons of cargo, Al-Monitor<\/a> reported. The port boasts 24 berths with depths ranging from 4 to 14.5 m, according to data from the UN-backed coordination mechanism Logistics Cluster<\/a>. <\/p>\n

Belle of the ball<\/strong>: <\/strong>Situated on Syria\u2019s Mediterranean coast, Tartus serve as a maritime gateway to trade routes across Europe, the Levant, and North Africa and influencing existing routes through the Bosporus and Suez. The project will increase the port\u2019s capacity to handle general cargo, containers, breakbulk, and RoRo handling, strengthening Syria\u2019s trade objectives. <\/p>\n

The<\/strong> ex is out of the picture:<\/strong> To facilitate a new agreement with DP World, Syria\u2019s newly established government reportedly terminated<\/a> its contract with Russia's STG Stroytransgaz earlier this year after the Russian construction firm failed to fulfil its terms, including infrastructure developments and investments in the port. The Russian firm was tasked with overhauling the port for at least USD 500 mn in 2019<\/a>, according to the International Institute for Strategic Studies<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project will roll out as a BOT model, with DP World investing USD 800 mn<\/p>\n","protected":false},"author":1,"featured_media":87567,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45],"tags":[23,44,37,356,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-dp-world","tag-investment-watch","tag-ports","tag-syria","tag-uae","wpautop","entry"],"acf":{"mongo_id":"7ae78a13-8685-4350-9187-1a21a49e69b1","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/956.jpg","photo_position":"above","homepage_title":"","full_issue_title":"DP World to invest in Tartus Port under 30-year agreement","related_issue":[87561],"teaser":"The project will roll out as a BOT model, with DP World investing USD 800 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.df11e133-b266-4ab5-966f-9e82255f18f9.mp3"},"yoast_head":"\nDP World to invest in Tartus Port under 30-year agreement - 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