“Al Habtoor Group”: a new project in Syria

Emirati investments in the Syrian market continue with growing momentum, with the announcement of new projects that reflect the growing interest of major companies and businessmen from the Emirati private sector in promising opportunities, in light of indications of entering a more active phase of investment expansion during the coming period.
In this context, the Emirati businessman, founder and Chairman of the Board of Directors of the Al Habtoor Group, Khalaf Al Habtoor, yesterday, revealed a new project in Syria, without revealing its details, expressing his hope that it will constitute a qualitative addition and added value to the Syrian market.
Al Habtoor said in his account on the “X” platform: “I am preparing soon to return to the UAE, to follow up on a number of projects that we are developing, and to see the latest stages of preparation for them, including a new project in the Syrian Arab Republic, the details of which we will reveal soon, God willing.”
He added: “We hope that it will constitute an added value to the Syrian market, and that it will be a new step that reflects our confidence in the future of Syria, and our belief in the ability of its people to build and restore its economic position. We ask God for success and guidance, and to bless these efforts, and to make them good for Syria and its dear people, with His Almighty permission.”
In a previous interview with Emirates Today, Al Habtoor said, “The goal of the investment trend in Syria is to create job opportunities for Syrian youth, while adopting an investment model based on long-term partnership.”
He explained that the investment vision is based on cooperation with our Syrian brothers, not only with the aim of achieving direct profits, but also to contribute to development and create real job opportunities.
He stressed that these initiatives come within the framework of a broader investment vision aimed at supporting the Syrian economy and opening the way for new job opportunities, in order to achieve a common benefit in the long term.
Al Habtoor’s announcement comes as an extension of investment movements that began during the past months. Last February, he received a Syrian government delegation that included officials from the Syrian Development Fund, the Ministries of Finance and the Investment Authority, along with the Governor of the Central Bank of Syria, where the two sides discussed opportunities for establishing new investment projects in Syria and the prospects for economic cooperation.
The delegation affirmed, at the time, the Syrian government’s support for serious investments and providing the necessary facilities to investors, while Al Habtoor stressed his commitment to responsible investment and contributing to supporting development and reconstruction efforts, within the framework of a cooperation agreement signed between the Syrian Investment Authority and the Al Habtoor Group to strengthen the investment partnership and open new horizons for economic cooperation.