US EditionSyria Secures $14 Billion Investment for Airport, Metro and Towers
SYRIA, AUG 6 – The $14 billion investment targets 12 key infrastructure and real estate projects to aid Syria's post-war economic recovery, officials said at the Damascus signing ceremony.
- On Wednesday, Syria held a signing ceremony at the presidential palace in Damascus for more than $14 billion in deals covering 12 major projects, state media reported.
- Following recent sanctions relief, Syria aims to rebuild after nearly 14-year civil war, with UN estimates exceeding $400b in costs.
- Talal al-Hilali said plans allocate $4 billion for Damascus airport, $2 billion for a Damascus metro, and more than $2 billion for a mall and two towers developments.
- Talal al-Hilali said the projects “will extend across Syria and represent a qualitative shift in infrastructure and economic life” and called them “a turning point” for Syria’s future.
- Last month, Saudi Arabia signed deals valued at $6.4b with Syria, following May’s $7b energy deal with Qatari, Turkish, and US companies and July’s $800m port agreement with DP World.
46 Articles
46 Articles
Syria signed 12 investment deals worth $14 billion on Wednesday. The signing ceremony was attended by interim President Ahmed al-Sharaa, covering infrastructure, transport and real estate projects aimed at reviving the war-torn economy. The deals included a $4 billion deal to build a new airport in Damascus, signed with Qatar's UCC. A $2 billion deal to build a metro in the Syrian capital was also reached with the United Arab Emirates' National …
Syrian Investment Authority Signs $14 Billion in Strategic Project MOUs with International Companies - The Syrian Observer
The Syrian Investment Authority signed a series of major memoranda of understanding (MOUs) with international companies on Wednesday at the People’s Palace in Damascus, in a high-profile ceremony attended by President Ahmad al-Sharaa. According to the state-run SANA news agency, the agreements are expected to lead to the implementation of strategic projects worth a total of $14 billion. Speaking at the signing ceremony, Talal al-Hilali, Chairman…
Associated Press News
Syria signs $14 billion in investment deals, including $4 billion airport expansion
Syrian state media says the government has signed agreements worth $14 billion with regional and international companies for 12 investment projects They include the modernization of the international airport in Damascus and a subway system with regional and international companies.
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