AANES prepares for reconstruction, seeks to attract investment
QAMISHLI, Syria (North Press) – An official of the Autonomous Administration of North and East Syria, stated on Wednesday that the recent lifting of U.S. sanctions on Syria has created new political and economic conditions that require the AANES to accelerate reconstruction efforts and attract investment.
In an exclusive statement to North Press, Shawqi Muhammad, co-chair of the Economy and Agriculture Board, said the AANES is working “to accelerate any processes or steps related to reconstruction and the investments that may come to Syria.”
“Northeast Syria and AANES regions must have a share of these investments,” he added.
His remarks came a day after the European Union announced it was lifting all sanctions on Syria, following a similar decision by U.S. President Donald Trump, which he declared from the Saudi capital, Riyadh.
Muhammad explained that the AANES has recently amended its investment law to reflect the new developments, with the goal of creating a more attractive environment for investors.
“We established the Investment Agency in the AANES. The main task of this agency is to provide all necessary support legal, administrative, and even economic, for both foreign and local investors who may want to establish their investments in NE Syria,” he pointed out.
He also noted that the Economy and Agriculture Board is currently implementing a digital registration system for foreign and domestic companies, in accordance with approved commercial regulations.
“When the reconstruction phase in Syria begins, we must be ready with the necessary legal, economic, and administrative frameworks in place to guide and manage these investments according to the economic and administrative interests of the peoples of NE Syria,” Muhammad said.