Damascus Advances Iraq Trade with 8 Projects
Syria and Iraq have witnessed the signing of eight investment contracts with local and international companies to improve the efficiency of their border crossings. The goal is to transform these crossings into hubs for the transfer and exchange of goods and services, thereby strengthening Syria's position as a regional logistics center. The contracts aim to place the Tanf and Al-Yaqubiya areas on direct trade routes, develop industrial facilities, warehouses, and cross-border shipping services to support movement and exchange across the borders. This initiative comes as part of broader efforts to bolster the national economy, especially amidst rising oil and petroleum product transport, shifts in regional trade routes, and the closure of the Strait of Hormuz and its impact on global trade.
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