"DP World will redevelop Tartous port with an $800m investment, marking a strategic step towards modernizing Syria's logistics infrastructure and enhancing its economic potential."
"Syria's leadership is actively seeking to re-establish ties with international companies following the fall of former President Bashar al-Assad, reflecting a goal to reintegrate into the global market."
"DP World CEO Sultan Ahmed bin Sulayem emphasized Syria's strong economic potential, stating that the Tartous port could play a vital role in reviving local industry and trade."
"Qutaiba Badawi, head of Syria's port authority, stated the agreement signals the start of a new era of maritime development, positioning Syria back on the international economic stage."
Syria has signed an $800 million agreement with DP World to redevelop Tartous port, a move aimed at speeding up post-war reconstruction. The agreement, confirmed by state media, was signed in the presence of Syrian President Ahmed al-Sharaa. Officials described it as essential for modernizing logistics infrastructure in the country. The new leadership in Syria is focused on re-establishing economic ties with international companies. DP World's CEO noted the potential of Tartous port in reviving local industry. Qutaiba Badawi emphasized the deal marks the start of a new maritime development era in Syria particularly as several significant contracts have been negotiated recently.
Read at www.aljazeera.com
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