DP World Tartus Port Development

Concession Agreement

DP World has signed a 30-year concession agreement with the Syrian General Authority for Land and Maritime Ports to develop and operate the Port of Tartus. Under the agreement, DP World will invest $800 million over the concession period to modernize the port's infrastructure and position it as a regional trade hub linking Southern Europe, the Middle East, and North Africa.

Signing and Project Structure

The signing ceremony took place in Damascus in the presence of President Ahmed al-Shara. The agreement was signed by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Kutaiba Ahmad Badawi, Head of the Syrian Ports Authority.

The project follows the Build-Operate-Transfer (BOT) model and includes an upgrade package covering modern cargo handling equipment and the integration of advanced digital systems to improve operational efficiency.

Stated Objectives

According to statements from both parties, the port is intended to serve as a trade gateway supporting supply chains and the reintegration of the Syrian economy into global trade routes. The port's location complements existing routes via the Suez Canal and the Bosphorus.

DP World also stated it will explore opportunities to develop free zones, logistics centers, and transit corridors to support economic diversification.

Frequently Asked Questions

Who is developing Tartus Port?

DP World, under a concession agreement with the Syrian General Authority for Land and Maritime Ports.

What is the value and duration of the deal?

The concession runs for 30 years and includes a planned investment of $800 million (up to AED 3 billion).

What operating model does the project use?

The Build-Operate-Transfer (BOT) model, including modern cargo handling equipment and advanced digital systems.

What is the stated purpose of the project?

To modernize the port's infrastructure and position Tartus as a regional trade hub linking Southern Europe, the Middle East, and North Africa.

UPDATE: 2025.11.12

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DP World has commenced operations at the port of Tartus following the official handover from the Syrian General Authority for Land and Sea Ports, announcing the entry into service of the new port tug, named "Al-Fath".
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This move is a key milestone within DP World's 30-year concession agreement at the port of Tartus, which includes a planned investment of up to AED 3 billion (US$800 million), making it one of the largest foreign investments in Syria's logistics sector in recent years.

Fahad Al-Banna, CEO of DP World Tartous, said: “We have embarked on a journey to transform the Port of Tartous into a world-class maritime gateway. Through close cooperation with the Syrian government and the General Authority for Land and Sea Ports, we are committed to applying DP World’s global expertise to build a modern, digitally advanced port that will boost trade, create opportunities, and solidify Tartous’s position as a key commercial hub in the Eastern Mediterranean region.”

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