Syria signed 12 investment deals worth $14 billion on Wednesday in a ceremony attended by interim President Ahmed al-Sharaa, including infrastructure, transportation and real estate projects aimed at reviving the war-damaged economy.
A general view shows the main entrance of Damascus International Airport in Damascus, Syria, June 30, 2025. Reuters
Syria signed 12 investment deals worth $14 billion on Wednesday in a ceremony attended by interim President Ahmed al-Sharaa, including infrastructure, transportation and real estate projects aimed at reviving the war-damaged economy.
The agreements included a $4 billion deal for building a new airport in Damascus signed with Qatar's UCC holding, and a $2 billion deal to establish a subway in the Syrian capital with the UAE's national investment corporation.
Other major developments include the $2 billion Damascus Towers project signed with Italy-based UBAKO.
In July, Syria signed $6.4 billion of investments with Saudi Arabia as it seeks to rebuild after a 14-year civil war.
Reporting by Ahmed Elimam and Ahmed Tolba
Syrian President Ahmed al-Sharaa held a phone call with U.S. President Donald Trump in which they discussed supporting the Syrian economy and the latest regional developments, the Syrian presidency said on Sunday.
Syria's Central Bank has extended its currency exchange programme by an additional 30 days beyond its original end-of-June deadline, allowing citizens more time to swap old Syrian pound notes for new ones.
President Donald Trump announced Sunday the appointment of Tom Barrack, the current US Ambassador to Turkey, as Special Presidential Envoy to both Syria and Iraq, a dual role that signals Washington's intensifying diplomatic engagement across the region.
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