CMA CGM signs 30-year deal to develop & manage Syria’s Latakia Port

SYRIA : French shipping and logistics group CMA CGM has signed a 30-year agreement with Syria to operate, expand, and invest in the country’s main seaport in Latakia.

The deal includes an investment of €230 million (around $260 million) and plans to build a new berth to increase capacity and support larger vessels.

The agreement was signed by representatives from CMA CGM and Syria’s General Ports Authority during a ceremony held at the presidential palace in Damascus. Syrian President Ahmed al-Sharaa was present at the event.