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Date: 02/06/2025

Syria inks 30-year deal with CMA CGM
 
Syria has signed a 30-year deal with French shipping and logistics group CMA CGM, that includes building a new berth at Latakia Port and investing another 230 million euros ($260 million) over the course of the partnership. Latakia is Syria’s main maritime gateway. CMA CGM began managing Latakia’s container terminal in 2009, under now-ousted Syrian leader Bashar al-Assad. The contract was most recently renewed in October 2024, also under Assad, for 30 more years. After rebels toppled Assad, the new authorities began talks on an amended deal, which was signed by officials from the company and from Syria’s port authority. CMA CGM will invest 30 million euros in the first year and the rest in the following four years. The berth will be 1.5 km (0.9 miles) long and 17 meters deep, with advanced infrastructure, as per a report.
 
Source: Exim News Service: Damascus, June 1



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