Tartus Port Deal Opens inroads for a UAE Role in the new Syria

The MoU is a first step for the UAE to build ties with the new Syria. While it excludes Russia from the East-Med, it also helps Syria access global ports via DP networks.

Image: Trans.INFO

On 6 May, Syria's General Authority for Land and Sea Ports signed a memorandum of understanding (MoU) with DP World, the leading Emirati logistics company. The deal includes an $800 million investment in Port Tartus, the country’s second-largest port. It follows a recent $250 million investment by the Marseille-based CMA CGM in the Port of Latakia and represents another of President Ahmad al Sharaa’s efforts to reposition himself with global and regional players in bid to cement his rule.