Syria Seals USD14B Foreign Investment Agreements
(MENAFN) Syria has secured investment agreements totaling $14 billion with international firms, media reported Wednesday. The state-run news agency said the deals span 12 major projects across the country, focused on revitalizing infrastructure, expanding transportation, and boosting commercial development.
The agreements were formalized during a signing ceremony held in Damascus, which was attended by interim Syrian leader Ahmad al-Sharaa.
Talal al-Hilali, head of the Syrian Investment Authority, stated during the ceremony that the agreements marked “an announcement that Syria is open for investment.”
Al-Hilali outlined several major projects included in the deal. Among them: a $4 billion overhaul of Damascus International Airport, a $2 billion initiative to build a Damascus Metro system, and the $2 billion Damascus Towers development.
Also featured are the Baramkeh Towers, estimated at $500 million, and the Baramkeh Mall project, valued at $60 million.
Syrian interim officials have recently stepped up efforts to attract foreign capital through a wave of investment pledges and infrastructure initiatives. Public sentiment remains divided—some citizens are cautiously hopeful, while others withhold judgment, waiting for visible progress on the ground.
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