Syria Secures $14 Billion Investment for Economic Revival

Syria signed $14 billion in investment deals, focusing on infrastructure and real estate to rebuild from war damage. Key projects include a new airport in Damascus with Qatar's UCC holding and a subway with the UAE's national investment corporation. Syria aims to revive its economy post-civil war.

On Wednesday, interim President Ahmed al-Sharaa oversaw the signing of 12 significant investment agreements aimed at rejuvenating Syria's war-torn economy. The $14 billion package covers infrastructure, transportation, and real estate initiatives designed to stimulate economic growth.

A standout $4 billion contract was awarded to Qatar's UCC holding for the construction of a new airport in Damascus. Additionally, a $2 billion deal will see the establishment of a subway system in the Syrian capital, with the UAE's National Investment Corporation playing a central role. Italy-based UBAKO has also signed on for the $2 billion Damascus Towers project.

This follows a July announcement where Syria secured $6.4 billion in investments from Saudi Arabia, as the nation endeavors to rebuild following a 14-year civil war.