DFM ---ADX ---
9hUAE Emerges as a Premier Global Destination for Student InternshipsBusiness
17hDP World Boosts Indian Coastal Shipping with New VesselBusiness
18hUAE luxury interiors shift toward bespoke, long-term investmentsBusiness
18hUAE Economic Growth Poised for Third-Quarter Surge in 2026Business
18hUAE Commercial Real Estate Remains Resilient Amid Global ShiftsBusiness
18hUAE EV Shortage Intensifies as Shipping Delays Lead to Five-Month WaitlistsBusiness
18hSharjah Solidifies Status as Global Luxury Hub Following Record-Breaking Jewellery ExhibitionBusiness
18hDubai’s Luxury Real Estate Surge Sparks High-End Glazing InnovationBusiness
18hIndia Plans to Expand Stock Lending to Boost Cash MarketBusiness
18hAdnoc Distribution Enters South African Market with $1 Billion Shell AcquisitionBusiness
18hAdnoc Secures Major 15-Year LNG Export Deal with Japan’s InpexBusiness
18hSharjah Airport Gears Up for Summer Travel SurgeBusiness
18hADCB Confirms Services Restored Following Technical DisruptionBusinessUAE
18hApple’s Upcoming Foldable iPhone Likely to Face Severe Supply ConstraintsBusiness
18hUAE Job Market Faces Hiring Slowdown Amid Regional InstabilityBusiness
1dUAE Businesses Pivot to Specialist Tech Partners for Digital SuccessBusiness
1dEasyJet Nears $7.3 Billion Buyout Amid Regulatory ConcernsBusiness
1dUAE Ranked Among Top Destinations for Muslim TravelersBusiness
1dInnovation City and IOPn Launch Middle East’s First Sovereign AI Data CenterBusiness
1dAdnoc Launches Unified LNG Trading Hub to Accelerate GrowthBusiness
1dDGHR Unveils 'Human Resources Law Elite' to Elevate Institutional GovernanceBusiness
1dArada Targets $5 Billion Expansion with New Investment PlatformBusiness
1dThe Golden Era of AI Investing Has Likely PeakedBusiness
1dUAE Companies Pivot to Strategic Hiring Amidst Specialized Tech Talent ShortageBusiness
1dUAE Real Estate Boom Continues as Developers Kick Off Major ProjectsBusiness

DP World Accelerates $800 Million Overhaul of Syria’s Tartous Port

Fri, May 15, 2026(53d ago)Business

Dubai-based logistics leader DP World is moving quickly to fast-track its $800 million renovation of Syria’s Port of Tartous, a project central to the nation's broader economic recovery. Following a high-level meeting between DP World chairman Essa Kazim and Syrian customs officials, the focus has shifted toward upgrading the facility’s infrastructure and digitizing cargo operations to handle increased traffic. Secured under a 30-year concession agreement signed in mid-2025, this massive investment aims to transform the Mediterranean site into a modern, high-efficiency maritime hub capable of re-establishing Syria’s role within essential global trade corridors.

By expanding terminal capacities and streamlining logistics, the project seeks to bolster Syria’s commercial supply chains while deepening economic ties between the UAE and Syria, which saw non-oil trade jump significantly in 2025. Beyond the immediate port upgrades, DP World is exploring the development of inland freight hubs and specialized logistics zones to further integrate the country into the regional economy. As Syria looks to rebuild its infrastructure, this initiative is seen as a pivotal step in positioning Tartous as a critical transit point connecting the Eastern Mediterranean with growing markets across Asia, the Gulf, and Europe.

Comments0
No comments yet. Be the first to share your thoughts.