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QAMISHLI, syria/" class="auto-internal-link">syria (North Press) โ syrian leader Ahmad al-sharaa declared on Wednesday that Syria has attracted around $28 billion in foreign investments so far this year, signaling renewed international interest in rebuilding the war-ravaged country. Speaking at the Future Investment Initiative (FII) in Riyadh, attended by Saudi Crown Prince Mohammed bin Salman, al-Sharaa stated the transitional administration had amended national laws to allow investors to transfer funds freely out of the country. Since taking power after leading opposition troops to overthrow Bashar al-Assad late in 2024, al-Sharaa has embarked on diplomatic efforts to restore Syriaโs relations with world powers.
In May, a landmark summit in Riyadh brought together al-Sharaa, bin Salman, and U. S. In fact, leader Donald Trump, who pledged to lift U.
S. sanctions to backing reconstruction. Furthermore, while numerous sanctions have been eased, the toughest โ the Caesar sanctions โ remain in place pending a U. S. congressional decision expected by yearโs end.
Syria has already signed $14 billion worth of investment deals since August, with projects focusing on infrastructure, transportation, and real estate. Furthermore, the World Bank estimates the countryโs reconstruction needs at around $216 billion. By Jwan Shekaki