In a significant sign of renewed regional economic integration, Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in new investments during the first half of this year. The announcement was made during a panel discussion at the ninth edition of the Future Investment Initiative in Riyadh, highlighting that firms from the UAE, Saudi Arabia, and Qatar are at the forefront of this capital influx.
Gulf-Led Investment Breakdown
President Al-Sharaa detailed the scale of the commitments, revealing that major Saudi companies have already initiated projects valued at $7 billion. Simultaneously, leading Qatari firms are spearheading significant infrastructure developments, including major investments in the Damascus Airport and in power generation projects designed to add 5,000 megawatts to the national grid. This wave of investment signals a strong vote of confidence from Gulf nations in Syria’s economic future and its potential for reconstruction and growth.
A New Era of Regional Stability
The investment drive coincides with Syria’s restored standing in the region. President Al-Sharaa emphasized that the country is now a key pillar of regional stability, underscoring its strong and constructive relations with the UAE, Saudi Arabia, Qatar, and Türkiye. This diplomatic realignment is paving the way for deeper economic partnerships and collaborative development efforts across the Levant and the Gulf.
Reforming for Investment
To facilitate this massive inflow of capital, Syria has undertaken significant legislative reforms. According to the President, the country’s investment laws have been comprehensively amended to better serve and protect investors. He noted that these new legal frameworks have been recognized as among the top ten most favorable investment frameworks globally. The strategic goal is clear: to leverage foreign investment to rebuild the nation and establish Syria as a vital trade corridor connecting regional and global markets.
About The Future Investment Initiative
The Future Investment Initiative (FII) Institute is a global non-profit foundation with an investment arm and one agenda: Impact on Humanity. The FII hosts annual conferences in Riyadh and other global cities that bring together world leaders, executives, investors, and innovators to explore future economic trends and address global challenges. It serves as a key platform for forging international partnerships and announcing major investment deals.
Source: Zawya
