$28 billion investments in Syria… and strong entry by Emirati, Saudi and Qatari companies

Syrian President Ahmed Al-Sharaa announced that his country witnessed investments amounting to about $28 billion during the first six months of this year, confirming the presence of large investments from the United Arab Emirates, the Kingdom of Saudi Arabia, and the State of Qatar.

During his participation in a dialogue session within the ninth edition of the “Future Investment Initiative” conference in Riyadh, Al-Sharaa revealed that major Saudi companies have already begun investments worth $7 billion, while major Qatari companies have begun investing in Damascus Airport and producing 5,000 megawatts of energy.

He stressed that Syria, which has regained its regional position, represents a fundamental pillar for the stability of the region, noting that his country today has an ideal relationship with the UAE, Saudi Arabia, Qatar and Turkey.

Al-Sharaa explained that Syrian investment laws were amended to serve the interest of the investor, and the new law was ranked among the top 10 investment laws in the world.

He also highlighted the economic opportunities in the oil sectors (one million barrels per day), gas (40 million cubic meters per day), and agriculture, and said that Syria has large production capabilities that exceed its needs, as it can feed between 250 and 300 million people, even though its population does not exceed 25 million people.