US EditionSyria Signs USD 7 Billion Energy Investment Deal with Regional and International Partners
- On Thursday, Syria's transitional government finalized a major $7 billion agreement in Damascus with regional and international firms to develop power plants and enhance the nation's electricity supply.
- This agreement follows the lifting of Western sanctions and comes after a week-long energy cooperation deal with Turkey, aiming to restart Syria's war-damaged infrastructure.
- The agreement includes constructing four combined-cycle gas turbine plants and a 1,000-megawatt solar facility, which together are projected to produce roughly 5,000 megawatts of electricity by employing cutting-edge technology from the United States and Europe.
- Syrian Energy Minister Mohammed al-Bashir called this a “historic moment” signaling renewed investor confidence and said it will create over 50,000 jobs while improving living conditions.
- The investment marks a key step in Syria's post-conflict recovery by expanding energy capacity, diversifying sources, and fostering regional cooperation to support economic revival.
32 Articles
32 Articles
Syria signs $7 billion energy deal with Qatari consortium
Syria on Thursday signed a $7 billion energy agreement with a consortium of American, Qatari, and Turkish companies to deliver 5,000 megawatts of electricity, aiming to significantly boost its power supply and meet the long-term goal of energy self-sufficiency.
Syria signs $7 billion power deal with Qatar's UCC Holding-led consortium
Syria has signed a memorandum of understanding with a consortium of international companies led by Qatar's UCC Holding to develop major power generation projects with a foreign investment valued at about $7 billion, UCC said in a statement on Thursday.
Syria signs first reconstruction deal valued at $7B
The NewsSyria signed its first major reconstruction deal, sealed weeks after US President Donald Trump decided to lift sanctions in a signal of a shifting regional order. Washington’s envoy to Syria Thomas Barrack was present at the signing of the $7-billion gas and solar power project, as were US military officers working alongside predominantly Kurdish forces who had battled against Islamic State militants. Barrack later raised the US flag at …
Coverage Details
Bias Distribution
- 46% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
