The Syrian government is planning to hand over the container terminal of the Lattakia Port to Iran, The Syria Report has learned.

The cancellation of a management contract between a state entity and a private sector company only weeks after it was signed could be part of government pressures on the province of Suweida.

While most attention has focused on the Marota City development in Damascus, other Syrian provinces also plan their own real estate redevelopment projects and are setting-up holding companies for that purpose.

Syria’s unrelenting energy crisis is pushing the government to try various solutions, including new supplies from the northeast and more import licenses to private investors.

The Syrian textile industry, traditionally the largest manufacturing sector in the country and a major employer, has not recovered from the war and continues to struggle as it faces a variety of challenges.