Syria signs $14 billion in investment deals, including airport and subway projects

FILE PHOTO: A general view shows the main entrance of Damascus International Airport in Damascus, Syria, June 30, 2025. REUTERS/Stringer/File Photo

Source: 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.

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This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters