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Sharaa says Syria has attracted $28 billion in investments since fall of Assad

Syria's President Ahmed al-Sharaa announced that the country has attracted $28 billion in investments over the past ten months, following the fall of Bashar al-Assad's government. Speaking at the Future Investment Initiative conference in Riyadh, Sharaa emphasized the vast opportunities available in Syria as it embarks on rebuilding its war-torn economy. Years of conflict and international sanctions had previously deterred significant investment, but recent political changes have opened the door for new partnerships and financial support.

Saudi Arabia has played a pivotal role in Syria's post-war recovery, signing major investment deals and facilitating diplomatic breakthroughs. The kingdom has also worked to settle Syrian debts and encourage international engagement, aiming to draw Syria closer to its sphere of influence. Despite the influx of investment, the World Bank estimates that the cost of fully rebuilding Syria remains at $216 billion, highlighting the scale of the challenge ahead.

Original article source: https://www.timesofisrael.com/sharaa-says-syria-has-attracted-28-billion-in-investments-since-fall-of-assad/
Source Id: 8931262895

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