The DP World CEO says, “Syria has valuable assets.”
Syria has finalized the M800 million agreement with the Dubai-based DP World to accelerate the post-war reconstruction.
State News Sana said that the agreement was signed between the DP World and the General Authority of the Land and C port on Sunday in the presence of Syria’s President Ahmed Al-Shah.
Syria officials described the agreement as an important step towards modernization of the country’s logistics infrastructure.
“This strategic movement will boost our port operations and logistics services,” Sana said an unknown officer official.
From Former President Bashar Al-Asad’s fall In December, Syria’s new leadership is under pressure to re -establish financial relations with international companies and re -market the war -hitting country.
Speaking after the signature, DP World CEO Sultan Ahmed Bin Suleim said that the financial capacity of Syria is persistent, and can play a central role in this scattered port in revival of local industries.
He said, “Syria has a valuable property, and Tartas is an essential center for trade and export. Our goal is to transform it into a leading port in the world.”
To ‘lay the foundation’
The DP World manages dozens of port facilities throughout Europe, Africa and Asia and is increasing its reach in the Middle East.
Kutabi Badawi, who is the head of Syria’s port authority, said that the agreement was marked more than only professional activities.
He said, “We are doing support for the new era of maritime development, keeping Syria again at the international economic stage,” he said.
Many high-profile agreements have been followed in recent months.
In May, Damascus signed a 30 -year contract with the French shipping company CMA CGM to operate the port of Latakia. In the same month, Syria has signed an energy agreement of $ 7 billion with the coalition of Qatar, Turkey and American companies to revive the country’s energy sector.
At the beginning of this month, United States His post was withdrawn as the “Foreign Terrorist Organization” of Hathair Al-Sham, as Washington softened the approach to Syria after the war.
US President Donald Trump last month Executive order issued There are many prolonged restrictions on Syria, which Washington said that the country’s restoration will be supported. The US Treasury states that the decision would reduce the restrictions on the companies needed for rebuilding and stewardship of Syria.
Western approval had hampered restructuring efforts for years, while in the reign of Al-Assad, more than decades of civil war and human rights violations made the already dispersed economy.
