Overview
- Speaking at Riyadh’s Future Investment Initiative, Ahmad Al Sharaa said Syria has attracted about $28 billion in investment since Assad’s ouster.
- He pointed to major roles for Saudi, UAE and Qatari firms, citing roughly $7 billion from Saudi companies and Qatari projects at Damascus Airport and 5,000 megawatts of new power capacity.
- Al Sharaa cast reconstruction as driven by private capital rather than aid and pledged what he called win‑win terms for investors.
- He said amended investment laws now allow foreign investors to transfer funds abroad and he acknowledged challenges in implementing the new framework.
- UPI reported that President Donald Trump met Al Sharaa in May and announced the lifting of U.S. sanctions, while the World Bank recently estimated Syria’s reconstruction needs at about $216 billion.