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The Syrian General Directorate of Ports has signed a memorandum of understanding (MoU) with China’s Fidi Contracting Company, granting it full investment rights in over 1 million square meters of land across two major free zones in Syria.
According to an official announcement posted on Telegram on Thursday, the deal provides Fidi Contracting with exclusive rights to develop 850,000 square meters (approximately 210 acres) in the Hassia Free Zone, located in Syria’s central Homs Province. The area is set to be transformed into a fully integrated industrial zone hosting a range of specialized factories and production facilities designed to stimulate domestic manufacturing and export capacity.
In addition to the Homs investment, the agreement includes rights to a further 300,000 square meters (74 acres) in the Adra Free Zone on the outskirts of Damascus. This portion of the project will focus on commercial and service-related developments tailored to the needs of both local consumers and regional markets.
The contract, valid for 20 years, outlines a phased implementation schedule aimed at ensuring the project's long-term viability and sustained economic impact. The Chinese firm is obligated to adhere to a predefined timeline for each development stage, with expectations that the initiative will contribute meaningfully to Syria’s post-conflict reconstruction and position its free zones as pivotal centers for foreign direct investment.
China’s deepening involvement in Syria—particularly in strategically located economic zones—may further its Belt and Road Initiative goals while allowing Damascus to re-integrate into the global economy.
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