UAE’s Al Habtoor Group Looks for Investment Opportunities in Syria
Dubai’s Al Habtoor Group is planning to look at investment opportunities in Syria. The company’s founder and chairman, Khalaf Ahmad Al Habtoor, will make an official visit to explore possible projects in important sectors, the company said on Monday.
Al Habtoor Plans to Invest in Syria
Al Habtoor Group is planning a visit to Syria, though the exact dates haven’t been announced yet. The goal of the trip is to explore possible investments and build stronger ties with the Syrian government, as the country continues its efforts to rebuild after years of conflict.
A group of top executives from Al Habtoor will join the visit, which is an important part of the company’s plans to expand in the region.
Before the main visit, a team from the company will go to Damascus to study opportunities and meet with local officials. These early talks will help prepare for more formal meetings when the chairman arrives.
Al Habtoor Group is a major business in the UAE with investments in many fields like hotels, cars, real estate, education, and publishing.
Key Quote
“Syria is full of culture, history, and talented people. We believe in its future and want to help it grow by creating jobs through good projects,” said Al Habtoor.
“The Syrian people are strong and full of energy. As an Arab company, we feel it’s both our duty and a smart move to support the rebuilding of Syria,” he added.
Easing of Sanctions
In May, the European Union lifted many of its sanctions on Syria to help with its recovery. This included removing 24 organizations from the blacklist, such as the Central Bank of Syria and big companies in oil, telecom, cotton, and media.
That same month, the U.S. also eased its sanctions, allowing new investments and private businesses to operate in Syria. U.S. banks can now also work with the Commercial Bank of Syria. These changes followed a statement by President Donald Trump promising to remove all sanctions on the country.
Interesting Fact
In April, Saudi Arabia and Qatar agreed to help Syria pay off its debts to global financial institutions. This move could reopen financial support for Syria after more than 14 years of being cut off.
Published: 10th June 2025
For more article like this please follow our social media Facebook, Linkedin & Instagram
Also Read:
Jordan Launches Aqaba Blue Ventures at UN Ocean Conference
Maximize Fashion Sales: Top Strategies for Business Growth
The Global Impact of Social Media on Cultural Movements
