CMA CGM has accelerated the second phase of the Latakia Port expansion following a meeting in Damascus between its Chairman & CEO Rodolphe Saadé and Syria’s President.
This follows the initial €30 million ($34 million) investment currently underway and signals a broader strategic commitment of €200 million ($231 million) in the near term.
Under a renewed 30-year concession agreement signed on 1 May 2025, CMA CGM will continue to manage and redevelop Syria’s main international container terminal at the Port of Latakia.
The expansion aims to reinforce the port’s position as a regional trade hub and support Syria’s economic recovery.
The €200 million ($231 million) investment will fund a wide-ranging upgrade of the terminal, including expanded capacity to over one million TEUs annually, modern cargo handling systems, digitalised port operations, and integrated logistics platforms.
Infrastructure will be upgraded to accommodate larger vessels with a 16-metre draft, while new equipment will enhance efficiency and throughput.
Plans also include improved rail and road links to facilitate cargo movement across Syria and beyond, boosting volumes and regional connectivity.
In line with its broader logistics strategy, CMA CGM also plans to launch and operate dry ports across Syria.
Lattakia International Container Terminal (LICT), operated under the CMA CGM concession, currently handles around 95 per cent of Syria’s containerised trade.
Recently, CMA CGM announced the upgrade of its NEFWI (PCRF) service, starting January 2026.