DP World to Invest $800M into Syrian Port Revamp Project

A decisive signal of renewed economic focus on post-conflict Syria has emerged with global logistics leader DP World agreeing to a 30-year concession with Syria’s General Authority for Land and Sea Ports for the development and operations of Tartus Port. The deal is a concrete sign that Syria is beginning to reinsert itself into the global trade conversation. Under the agreement, DP World commits $800 million throughout the concession to modernise the port’s facilities. The goal is to turn Tartus into a key transit point that seamlessly links Southern Europe, the broader Middle East and North Africa.

 

Who Are DP World?

 

DP World, headquartered in Dubai, ranks among one of the planet’s largest port and logistics operators, spanning over 6 continents and with more than 80 terminals. The company has built its reputation on sustainable infrastructure projects in growth markets, often through Build-Operate-Transfer frameworks that ensure long-term regional ownership.

 

Understanding The Role of CMA CGM

 

CMA CGM, the Marseille-based container shipping powerhouse, occupies the world’s bronze medal in global maritime logistics, with a fleet surpassing five hundred ships. In May 2025, the group sealed a distinct 30-year deal to refurbish Latakia Port, Syria’s busiest maritime gateway. The company committed $260 million, earmarked for a new berth and extensive upgrades of existing port infrastructure. This new deal, alongside CMA CGM’s earlier agreements, signals the decisive return of major international logistics firms to Syria – a country long viewed as a strategic trading hub that is now re-emerging in global supply networks.

 

Syria’s Return to the Global Market

 

After years of neglect and diplomatic estrangement, Syria’s damaged economy is gradually rekindling interest among global investors and state-owned firms eager to secure an early foothold in a tentative recovery. The entry of operators such as DP World and CMA CGM indicates a belief that strategic logistics nodes can deliver sustainable returns if the country’s gradual stabilisation continues.

 

 

Why Are Investments Rolling into Syria?

 

Syria’s geographic position—sitting between Europe and the Levant – automatically makes it a desirable transit corridor. Although the country bore years of conflict, its logistics foundation remains intact. Tartus and Latakia ports grant immediate access to the Eastern Mediterranean, while their proximity to Turkey, Lebanon, Iraq and Jordan guarantees a captive market for energy, grains and commercial shipping. These geographical advantages, combined with the gradual easing of sanctions and an international push to stabilise the region, have drawn renewed interest.

 

How Do Sanctions Affect Syria?

 

For more than a decade, Syria has faced sweeping sanctions, mainly from Washington and Brussels, that have focused on finance, oil and trade, leaving little room for foreign capital. The restrictions intensified after conflict erupted in 2011.

 

Is Syria Ready to Resume Trade Relations?

 

The answer is yes, Syria is ready to resume trade relations. As of June, 2025, the U.S. government has lifted the majority of its broad economic sanctions on Syria through Executive Order SB-0183, signed by President Trump. This move aims to facilitate Syria’s reintegration into the global economy by promoting investment, supporting reconstruction efforts and encouraging additional financial engagement with the country. Damascus is visibly working to reclaim its position as a pivotal regional trade conduit. Revamping Tartus and Latakia ports which is part of its strategy of reanimating supply routes, widening non-oil exports and smoothing cross-border commerce with its neighbours.

 

What Will The Tartus Modernisation Project Feature?

 

The Tartus Modernisation Project will include a complete upgrade of port infrastructure with increased berthing capacity and much more:

 

• Enhanced cargo-handling terminals
• Cutting-edge logistics networks
• Integrated digital customs and cargo tracking
• Expanded facilities for containers and bulk cargo

 

Are There Tax Benefits for Foreign Investors in Syria?

 

Foreign investment is encouraged with a variety of tax benefits in focus areas and qualifying projects can enjoy income tax exemptions ranging from five to seven years based on investment size and location. Projects that are deemed to have significant impacts on national employment or development may, in some cases, receive further extensions. These benefits, in addition to free zone operations, include unimpeded profit repatriation, expedited customs clearance and simplified trade regulations. These tax benefits are some of the many steps Syria is undertaking to stimulate long-term sustainable investment and revitalise the economy.

 

What is the Best Way to Enter the Syrian Market?

 

Entering the Syrian market is best pursued through a carefully planned, culturally informed and locally partnered strategy. It is advisable for foreign investors to join up with a local consultant, legal advisor or business entity to help maneuver through the country’s regulatory environment and cultural landscape. These local partnerships can assist in business registration and licensing, permits and compliance with tax and labour laws. Companies with operational constraints may choose to establish bases within one of Syria’s free economic zones, which provide logistical and fiscal benefits.