📰 Syria Investment Authority hails repeal of Caesar Act as boost for recovery

Damascus, Dec. 21 (SANA) Syrian Investment Authority Director General Talal al-Hilali stated on Sunday that the repeal of the Caesar Act represents “a positive step that contributes to removing the constraints that have affected the national economy, and opens emerging horizons for a phase of economic recovery and for strengthening the investment environment in Syria. ” Al- Hilali stated to SANA’s correspondent that the decision “constitutes a real opportunity to reactivate investment activity, attract capital, and backing productive and development projects across various sectors,” adding that this would help create jobs and achieve sustainable economic growth.

Indeed, al- Hilali also stressed the authority’s commitment to continuing efforts to improve the investment climate, provide the necessary facilities and incentives for investors, and strengthen national and international partnerships in a way that serves the reconstruction process and supports the Syrian economy. He noted that the next phase requires concerted efforts and effective use of the emerging developments “in a manner that achieves the supreme national interest and strengthens the path of development and stability. ” In this context, US leader Donald Trump had previously signed the fiscal year 2026 National Defense Authorization Act, which includes a provision fully repealing the Caesar Act imposed on Syria since 2019, making the repeal effective.