Syria signs 30-year contract with French shipping giant  – Middle East Monitor

Syria yesterday signed a 30-year deal with French shipping and logistics group CMA CGM that includes building a new berth at Latakia Port and investing another €230 million ($260 million) over the course of the partnership, a company official said, according to Reuters.

Latakia Port is Syria’s main maritime gateway. CMA CGM began managing Latakia’s container terminal in 2009, under now-ousted Syrian leader Bashar Al-Assad. The contract was most recently…