Syria signs 800 million dollars Tartos, the port of a deal with the United Arab Emirates DP World | Business and Economics News

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“Syria has valuable assets,” says DP World CEO.

Syria has ended an agreement worth $ 800 million with Dubai -based DP World to redevelop its wonderful port in an attempt to accelerate post -war rebuilding.

The government news agency SANA said that the deal was signed in Damascus on Sunday between the world of Dubai Ports and the General Authority for Earth and Maritime Ports, in the presence of Syrian President Ahmed Al -Sharra.

Syrian officials described the deal as an essential step towards updating the country’s logistical infrastructure.

“This strategic step will enhance our logistical ports and services,” SANA quoted an unveiled official as saying.

since The fall of former President Bashar al -Assad In December, the new Syria leadership was pressuring to re -establish economic relations with international companies and return the war -torn country to the global market.

Speaking after the signing, the CEO of DP World Sultan Ahmed bin Salim said that the economic capabilities in Syria have been strong, noting that the neglected port can play a major role in reviving the local industry.

He said: “Syria has valuable assets, and” Tartous “is a basic center for trade and exports. We aim to turn it into one of the leading ports in the world.”

“Foundation mode”

DP World runs dozens of port facilities across Europe, Africa and Asia, and its arrival in the Middle East has been expanded.

Al -Qatiba Badawwi, who heads the port in Syria, said that the agreement was more than just a commercial project.

He said: “We are laying the foundation for a new era of marine development, and we put Syria again on the international economic stage.”

The sharp deal has followed many prominent contracts signed in recent months.

In May, Damascus entered a 30 -year agreement with the French shipping company CMA CGM to operate the Latakia port. In the same month, Syria signed a $ 7 billion energy deal with an alliance of Qatari, Turkish and American companies to revive the energy sector in the country.

Earlier this month, US She said that she will play her appointment to Tarr al -Sham as a “foreign terrorist organization” where Washington is blessing its approach to Syria after the war.

Last month, US President Donald Trump Executive order Lifting many long sanctions on Syria, which Washington said will support the rebuilding of the country. The US Treasury noted that the decision would reduce the restrictions imposed on companies that are vital to rebuilding Syria and government.

Western sanctions hindered the reconstruction efforts for years, which led to an increase in the economy that has already been shattered by more than a decade of civil war and human rights under Assad’s rule.

Inactive - The United States raises all sanctions against Syria, Trump Shara -1747219389



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