The Syrian government has signed a memorandum of understanding (MoU) worth $800 million with DP World to develop the port of Tartous, according to Syria’s state news agency SANA on Friday. This agreement encompasses a thorough investment in the development, management, and operation of a multi-purpose terminal at Tartous Port, aimed at improving the port’s efficiency, boosting its operational capacity, and strengthening its position as a crucial hub for regional and international trade.
The two parties have also committed to collaborating on the establishment of industrial zones and free zones, as well as dry ports and freight transit stations in various strategic locations throughout the Syrian Arab Republic. This reflects both sides’ dedication to promoting economic development and facilitating trade and transportation.
In an effort to draw foreign investments to rejuvenate its struggling economy, Syria concluded this deal during U.S. President Donald Trump’s visit to the Middle East.
DP World, a leading global logistics and port operator, has been actively expanding its footprint in the Middle East through various initiatives and MoUs aimed at enhancing trade and logistics capabilities in the region.Â
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Expansion of port facilities
In early 2025, DP World announced significant investments in expanding its port facilities in the UAE and Oman. This expansion is expected to increase cargo handling capacity and improve operational efficiency, catering to the growing demand for logistics services in the Gulf region. The investments align with the UAE’s Vision 2030, which aims to diversify the economy and enhance trade infrastructure.
Moreover, DP World has entered into several strategic partnerships to bolster its logistics network. Notably, the company signed an MoU with the Saudi Arabian government to develop integrated logistics zones across the Kingdom. This partnership aims to facilitate trade and improve supply chain efficiency, supporting Saudi Arabia’s Vision 2030 objectives of economic diversification and increased foreign investment.
In line with global trends towards digitalization, DP World has also launched initiatives to enhance its digital capabilities. The company is investing in smart port technologies and digital platforms to streamline operations and improve customer service. These initiatives are part of a broader strategy to position DP World as a leader in the digital logistics space.
Sustainability efforts
DP World is further committed to sustainability and has initiated several projects focused on reducing carbon emissions and promoting green logistics. The company aims to implement eco-friendly practices across its operations, aligning with regional goals for sustainable development. These activities and agreements underscore DP World’s commitment to enhancing its role as a key player in the Middle East’s logistics and trade sectors, promoting economic growth and regional cooperation.
