Al-Sharaa says Syria secures $28 billion in foreign investments
QAMISHLI, Syria (North Press) – Syrian President Ahmad al-Sharaa announced 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 said the transitional government had amended national laws to allow investors to transfer funds freely out of the country.
Since taking power after leading opposition forces to overthrow Bashar al-Assad late in 2024, al-Sharaa has embarked on diplomatic efforts to restore Syria’s relations with world powers. In May, a landmark summit in Riyadh brought together al-Sharaa, bin Salman, and U.S. President Donald Trump, who pledged to lift U.S. sanctions to support reconstruction.
While many sanctions have been eased, the toughest — the Caesar sanctions — remain in place pending a U.S. congressional decision expected by year’s end.
Syria has already signed $14 billion worth of investment deals since August, with projects focusing on infrastructure, transportation, and real estate. The World Bank estimates the country’s reconstruction needs at around $216 billion.