From Palmyra to deep water.
A US$3.18 billion coordinated investment rebuilding the complete phosphate logistics chain — mine, railway, port, liquid terminal and logistics city.
From Palmyra to deep water.
A US$3.18 billion coordinated investment rebuilding the complete phosphate logistics chain — mine, railway, port, liquid terminal and logistics city.
One corridor. Five components.
The programme connects Syria's world-class phosphate deposits at Khneifiss and Al-Sharqiya, near Palmyra, to deep water at Tartous — and uses that anchor cargo to justify a far larger prize: a modern bulk port, a 600,000 m³ liquid terminal and a 300-hectare free-zone logistics city.
Before 2011 this alignment carried roughly eight million tonnes of freight a year. Every element of the programme has an operating precedent on its own footprint — the task is restoration and modernisation, not speculation.
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Mine & Beneficiation Complex
A modern 7 Mtpa plant at Khneifiss — crushing, washing and drying 26–28% P₂O₅ ore into a 30–32% low-cadmium export concentrate, with a rapid-loading silo and 60 MWp of captive solar.
The Railway Corridor
230 km renewed to 22.5-tonne axle load with nine 750 m passing loops and modern signalling; Phase 2 adds 104 km to Al-Sharqiya — 334 km operated by five 3,200-tonne block trains.
Port Expansion at Tartous
A new 320 m bulk berth dredged to −16.0 m CD with a 3,000 t/h shiploader, wagon tippler, rail loop and three 60,000-tonne covered sheds — interfaced with DP World's concession.
Liquid Bulk & Tank Terminal
A 280 m island jetty at −15.0 m and 600,000 m³ of staged tankage for gasoil, gasoline, jet fuel, crude and LPG — the import infrastructure of reconstruction.
The Logistics City
A 300-hectare bonded logistics and light-industrial city behind the port — 250,000 m² of warehousing, a 1.7 Mtpa bagging plant and a 150,000 TEU inland container depot.
Cost leadership, diversified by design.
At US$58 per tonne all-in FOB cost against a ~US$150 benchmark, the phosphate segment earns positive cash margin even in a US$95/t downside. By 2033, ~US$79M of EBITDA comes from take-or-pay port, storage, logistics and rail annuities.
Sponsor, Gulf sovereign and institutional partners — four hands at financial close.
Multilateral-led with export-credit tranches — a 60/40 structure at close.
Self-funded expansion capital — no dilution, no additional leverage.
Concessions executed; construction mobilises.
Production begins at 1.2 Mtpa and scales with the railway.
25–30% float, ~US$550–700M — ADX/Tadawul with a DSE tranche.
7 Mtpa throughput; five revenue engines at full run-rate.
Read the full investment proposal.
Fifty-two pages: market analysis, engineering, financial model, risk and concession architecture. June 2026 edition.