Syria Signs $14 Billion Investment Deals to Rebuild After War
Syria has signed new investment agreements worth $14 billion with international companies to help rebuild its economy and infrastructure after 14 years of war.
The agreements were signed during a special event at the People’s Palace in Damascus, attended by Syrian President Ahmad al-Sharaa, according to the state news agency SANA.
The Syrian Investment Authority said the deals include:
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A $4 billion project with Qatar’s UCC Holding to redevelop Damascus International Airport.
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A $2 billion agreement with the UAE’s National Investment Corporation to build the Damascus Metro.
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A $2 billion deal with Italian company UBAKO to develop the Damascus Towers.
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Other projects include Baramkeh Towers ($500 million) and Baramkeh Mall ($60 million).
These projects aim to rebuild key parts of Syria’s infrastructure, improve transport, and boost the real estate sector.
The event was also attended by U.S. Special Envoy Thomas Barrack, who highlighted the importance of Damascus as a key trade and transport hub.
International Support Growing
Türkiye and Syria recently formed a Syrian-Turkish Economic Cooperation Council and signed over 10 agreements to strengthen economic ties. They also created a joint business council and economic committee.
In July, Saudi Arabia signed 47 investment agreements with Syria, worth $6.4 billion. About $2.9 billion of that will go into infrastructure and real estate projects.
Syria also signed an $800 million deal with UAE company DP World to improve ports in Tartous and develop new industrial and trade zones.
The new Syrian government is working to bring stability to the economy, attract foreign investment, and manage public finances more effectively.
Looking Ahead
According to the World Bank, Syria’s economy shrank by 1.5% in 2024. However, it is expected to grow slightly by 1% in 2025, despite ongoing security issues and limited financial support.
Published: 7th August 2025
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