The logistics industry in Syria continues to receive reinvestment. Dubai Global Port Group will invest approximately 800 million US dollars in the development of the Port of Tartus.

The national news agency Sana 'a reported that after the United States promised to lift the large-scale sanctions regime implemented after the Civil war in 2012, the new government has signed a memorandum of understanding with terminal operators.

The agency said that the agreement "includes a comprehensive investment in the development, management and operation of the multi-purpose terminal at the Port of Tartus".

The statement also added: "Both sides also agreed to cooperate in establishing industrial zones and free zones in multiple strategic regions, as well as land ports and freight transfer stations - all of which reflect the commitment of both sides to support economic development and promote trade and transportation."

Dubai Global Port Group has not commented on the agreement yet. This is the first major deal reached since Syrian new President Ahmed Al-Sharah met with US President Donald Trump in Saudi Arabia this week.

This move by DP World of Dubai is not surprising, as the Dubai state-owned operator said this year that "despite global uncertainties", it still plans to expand its network in new regions.

In 2013, due to the intensification of the civil war and the implementation of Western sanctions, the Philippine terminal operator ICTSI abandoned its lease for the Tartus container terminal, and the Russian Navy took over the operation of the port.

The agreement reached between then President Bashir Assad and Russia was promptly torn up by the new Syrian government, which expressed its enthusiasm for attracting private investment.

The news of the Dubai Global Port Group deal was released less than two weeks after the new Syrian government renegotiated the contract of French CMA Terminals to operate Syria's main gateway, Latakia.

The transaction includes an investment of 230 million euros (261 million US dollars) : 30 million euros in the first year for infrastructure and superstructure; The remaining 200 million euros will be injected in 2029.

CMA Terminals obtained the contract by significantly extending the franchise. The contract will last for 30 years. Previously, the contract signed by the company with the Assad government was for 10 years, which was later shortened to 5 years.

The agreement also modified the revenue-sharing between the terminal operators and the Syrian government, with the Syrian government accounting for 60% and the CMA for 40%.