Syria Makes 20-Year Deal With China’s Fidi to Grow Business in Free Zones as Western Sanctions Get Lighter
Syria has signed a 20-year agreement with a Chinese company called Fidi Contracting to invest in free trade zones, according to the country’s General Authority for Land and Maritime Ports on X.
Syria-Fidi Agreement
Syria has signed a deal with a company called Fidi. This gives Fidi full control to run the Hessia free zone in Homs, which is 850,000 square meters and will be used for building factories. Fidi will also be allowed to invest in 300,000 square meters in the Adra free zone near Damascus, focusing on trade and services.
The project will include special factories and production centers to help bring Syria’s industry back to life and attract foreign investment.
The plan will be developed in stages with a set schedule to make sure it is completed on time and is financially worthwhile. The project should improve roads and buildings in the free zones, boost business and industry, and help Syria become a key location for trade and transport in the region.
The deal is also expected to create jobs, bring in new technology, and increase trade through Syria’s land and sea ports.
DP World Deal
Last week, Syria also made a deal with DP World, a port company owned by Dubai. They plan to invest around $800 million to improve Tartous port. The company will help develop and manage the port and will also build industrial and free trade areas nearby.
Sanctions Lifted
These deals are happening as Syria tries to bring in more foreign money after the U.S. and the European Union (EU) lifted their economic sanctions.
During a recent trip to the Middle East, U.S. President Donald Trump announced that the U.S. would end all sanctions on Syria, marking a big change in policy.
Published: 23th May 2025
For more article like this please follow our social media Twitter, Linkedin & Instagram
Also Read:
EFG Holding Q1 Revenue Falls 34% to $112.7M on FX Hit
Aldar uses EMSTEEL hydrogen steel for net-zero mosque
NMDC, Hilong to Partner on Coating Services in UAE, KSA
