Syria is once again drawing foreign investors following the overthrow of Bashar al-Assad’s regime late last year.
Interim president Ahmad al-Shareh announced during a visit to Saudi Arabia that the country has attracted over $28 billion in investments over the past ten months.
Speaking at the Future Investment Initiative (FII) conference, where he was the guest of honour, al-Shareh said: “The opportunity in Syria is immense, and there is room for everyone.”
For nearly 24 years under Assad’s rule, Syria was closed to most foreign investment due to international sanctions. Since his exile to Moscow, countries such as Saudi Arabia, Iran, and Russia have sought to establish new trade partnerships with Damascus.
In May, Saudi Crown Prince Mohammed bin Salman reportedly persuaded Donald Trump to lift US economic sanctions on Syria, paving the way for renewed foreign interest.
