Syria has finalized an $800m agreement with Dubai-based DP World to redevelop its Tartous port in a bid to speed up post-war reconstruction.

State news agency SANA said the deal was signed in Damascus on Sunday between DP World and the General Authority for Land and Sea Ports, in the presence of Syrian President Ahmed al-Sharaa.

Syrian officials described the deal as a key step towards modernizing the country’s logistics infrastructure.

“This strategic move will bolster our port operations and logistics services,” SANA quoted an unnamed official as saying.

Since the fall of former President Bashar al-Assad in December, Syria’s new leadership has been pushing to re-establish economic ties with international companies and bring the war-torn country back into the global market.

Speaking after the signing, DP World CEO Sultan Ahmed bin Sulayem said Syria’s economic potential remained strong, noting the Tartous port could play a central role in reviving local industry.

In May, Damascus entered a 30-year agreement with French shipping company CMA CGM to operate Latakia port. That same month, Syria inked a $7bn energy deal with a coalition of Qatari, Turkish, and US firms to revive the country’s power sector.

Last month, US President Donald Trump issued an executive order lifting several longstanding sanctions on Syria, which Washington said would support the country’s reconstruction. The US Treasury noted the decision would ease restrictions on companies considered vital to Syria’s rebuilding and governance.

Source: Aljazeera