Global logistics giant DP World has launched a phased $800 million modernization of Syria's Port of Tartous to establish it as a premier trade gateway linking the Mediterranean to Iraq, Jordan, Lebanon, and Turkey. Taking operational control under a 30-year concession following the easing of US and EU economic sanctions, the company is deploying advanced cargo-handling equipment, including new mobile harbor cranes, alongside digital management systems to boost the facility's overall handling capacity by 40 percent. This commercial expansion replaces a canceled Russian contract and runs parallel to Syrian government highway upgrades on the M4 and M5 corridors, effectively positioning the port to capture cross-border Levant trade and sync with broader international supply chains spanning Europe, the Gulf, and North Africa. (ICE DUBAI)

Fonte notizia: https://www.arabianbusiness.com/