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AD Ports and CMA CGM to buy 20% of Syria’s Latakia port for $22M to boost capacity and trade.
AD Ports Group and CMA CGM have agreed to acquire a 20% stake in Syria’s Latakia International Container Terminal for $22 million, aiming to modernize the port and expand its capacity from 250,000 to 625,000 TEUs by late 2026.
The terminal, which handles over 95% of Syria’s container traffic, is a key gateway for agricultural and industrial goods.
The investment supports regional trade recovery and follows broader international efforts to boost Syria’s logistics infrastructure post-civil war.
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AD Ports y CMA CGM comprarán el 20% del puerto sirio de Latakia por $22M para impulsar la capacidad y el comercio.