Syria and UAE’s DP World ink $800m deal for port development – Middle East Monitor

The Syrian government and DP World signed a memorandum of understanding (MoU) worth $800 million to develop Syria’s port of Tartous, Syrian state news agency SANA said today, after the lifting of US sanctions cleared the way for the deal, Reuters reports.

The deal to develop, manage and operate a multi-purpose terminal at Tartous includes cooperation in establishing industrial and free trade zones. DP World is a subsidiary of United Arab Emirates…