1 Day
Source:
Sky News
DP World allocates $800M for Tartus Port upgrade
The Dubai Ports World group has completed a major milestone in a $800 million investment to modernize the Tartous Port in Syria. This involved the delivery of three mobile cranes that will increase its capacity by 40%, enhancing trade flow, expediting cargo handling operations, and supporting the country's economic recovery. Future improvements include deepening the port's waters, upgrading the quay walls, and adding modern equipment, all aimed at accommodating larger ships and achieving greater supply chain efficiency, with the final phase expected to be completed by the end of 2027. This aligns with the company's commitment to support the Syrian economy and stimulate regional trade movement.
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