UAE-based companies contribute to $28 billion investments to Syria

WAM

Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.

Speaking during a panel discussion at the ninth edition of the Future Investment Initiative in Riyadh, Al-Sharaa revealed that major Saudi companies have already commenced projects worth $7 billion, while leading Qatari firms have begun investing in the Damascus Airport and in power generation projects totalling 5,000 megawatts.

He stressed that Syria, having regained its regional position, now serves as a key pillar of regional stability, noting that the country currently enjoys strong and constructive relations with the UAE, Saudi Arabia, Qatar, and Turkey.

Al-Sharaa explained that Syria’s investment laws have been amended to better serve investors, adding that the new legislation has been ranked among the world’s top ten investment frameworks.

"We want to rebuild Syria via investments,” Al-Sharaa said, adding the world can benefit from it as a “trade corridor”.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • Starting up with Virtuzone

    10:00am - 11:00am

    Starting Up is back, with a fresh new edition in a brand-new timeslot every Tuesday from 10am-11am.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!