China eyes Lebanese port to launch investments in Syria, region
As China looks to play an active role in the reconstruction of Syria, Tripoli, Lebanon’s second-largest port, is preparing for major investments.
As the war in Syria draws to a close, international investors have come knocking, looking to guarantee a tender in the reconstruction of the war-torn country. “War is a lucrative business. First weapons are sold to destroy a country, then materials are sold to build it up again,” said Ahmad Tamer, director of the Port of Tripoli, in an interview with Al-Monitor.
Last December, the Chinese state-owned COSCO shipping company docked in Tripoli, inaugurating a new maritime route connecting China to the Mediterranean Sea. Located less than 30 kilometers (18 miles) from the Syrian border, Tripoli benefits from a key strategic position in the eyes of investors looking for fast access to Syria’s war-damaged cities.
“China is testing Tripoli as a potential location for investment,” Tamer added. Having secured an $86 million loan from the Islamic Development Bank, the port is preparing for large-scale investment. “The Chinese won’t look at anything under half a billion,” Tamer told Al-Monitor. “If they invest in the port, it’s because of their interest in the whole region.”
Keeping its embassy in Damascus open throughout the conflict, Beijing has provided steady diplomatic support to Bashar al-Assad’s regime, vetoing most resolutions against Damascus at the UN Security Council.
