Syria Secures $14 Billion in New Reconstruction Deals

Amman/Damascus – Syria is moving forward with major reconstruction and development projects as international investment flows back into the country, signaling a new phase of recovery after years of war. The Syrian Foreign Ministry announced this week that discussions with Jordanian and U.S. officials in Amman highlighted the importance of supporting Syria’s rebuilding efforts and reviving its economy. A joint statement emphasized the commitment to ensuring a secure and prosperous future for all Syrians, with equal representation in the reconstruction process.

Major Investment Agreements

Damascus recently signed 12 agreements worth $14 billion, marking a significant boost to infrastructure and economic development:

• $4 billion airport project with Qatar’s UCC Holding.
• $2 billion subway system in Damascus with the UAE’s national investment corporation.
• $2 billion Damascus Towers residential high-rises with Italian-based UBAKO.
• $500 million Baramkeh Towers project in the capital.
• $60 million Baramkeh Mall commercial development.

Jordan’s Role in Supporting Reconstruction

Jordan’s King Abdullah II reaffirmed Amman’s support for Syria’s rebuilding, expressing readiness to share expertise across multiple fields to strengthen Syrian institutions and accelerate development.

Looking Ahead

With U.S. and EU sanctions lifted following political changes in Damascus, Syria’s new authorities are working to restore essential services, modernize infrastructure, and create conditions for the safe return of displaced citizens.The United Nations has estimated Syria’s post-war reconstruction costs at over $400 billion, but the latest wave of agreements is seen as a strong foundation for long-term growth and renewed regional cooperation.