Leaderboard
Leaderboard

ICTSI prepares for TICT takeover

ICTSI prepares for TICT takeover

Working closely with port authority Tartous Port General Company, ICTSI aims to transform the Port of Tartous into the leading trading gateway to the Syrian capital Damascus. It also plans to develop the terminal to serve as a junction for southern European, northern African and Middle East trade.

“We are delighted to have won the concession to develop, invest in, operate and maintain the Tartous terminal. This is an exciting development for Syria which allows it to compete on equal terms with other container ports in the region. With TICT’s heavy investment in new handling equipment and systems, container trade in Tartous is expected to grow ten-fold within a short time,” said Budhajev Majumdar, TICT general manager and CEO.

TICT has placed an order for two new mobile harbour cranes, which can handle Panamax-size vessels, while an ICTSI start-up team is planning yard layout and traffic management while putting systems in place. TICT is also currently on a recruitment drive, looking to fill 150 vacant positions in the company.

The port of Tartous has experienced throughput growth of 12% in the past 10 years, making the TICT project a promising one for ICTSI, and already container shipping operators in the region have expressed support and interest in the TICT development.