On August 6, 2025, Syria's transitional government signed a series of investment agreements totaling $14 billion with several Gulf states during a ceremony in Damascus. The agreements encompass twelve major projects aimed at rebuilding the war-torn country's infrastructure.
Among the key projects outlined in the agreements are the rehabilitation of Damascus International Airport, which is set to receive an investment of $4 billion, and the construction of a new metro system in the capital, valued at $2 billion. Other notable projects include the development of the Damascus Towers and al-Baramkeh Towers, with investments of $2 billion and $500 million respectively, as well as the construction of the al-Baramkeh Mall, which is expected to cost $60 million.
The signing ceremony was attended by Syrian President Ahmed al-Sharaa, who expressed optimism about the future of Syria's economy. The event also saw participation from various government officials, including the Director General of the Syrian Investment Authority, Talal al-Hilali, and representatives from the Gulf states, primarily Qatar.
Saudi Arabia's Minister of Investment, Khalid al-Falih, led a delegation of 120 business leaders to the event, highlighting the significant interest from Gulf investors in Syria's reconstruction. This follows Saudi Arabia's earlier commitment of $6.4 billion in investments across various sectors, including telecommunications.
These agreements are seen as part of a broader effort by Gulf states to engage with Syria following years of isolation due to the ongoing civil conflict. The investments are expected to create jobs and stimulate economic growth in the region, although the security situation in Syria remains fragile.
In addition to the airport and metro projects, the agreements also include investments in other sectors, aiming to enhance the overall infrastructure and living conditions in Syria. The government has emphasized that these projects are not merely real estate developments but are intended to foster trust and cooperation between Syria and international investors.
The signing of these agreements marks a significant milestone in Syria's efforts to rebuild its economy and infrastructure, as the country continues to recover from the impacts of a prolonged civil war.
