Syria signs $14bn infrastructure deals, will revamp Damascus airport
Summary
Syria has signed deals worth $14 billion with international companies to rebuild key infrastructure. This includes projects for Damascus airport and a metro system in the capital, aiming to boost the country's war-damaged economy. The agreements are seen as a major step in Syria's reconstruction efforts following years of civil war.Key Facts
- Syria signed deals with international companies for 12 projects, totaling $14 billion.
- A $4 billion project was signed to develop Damascus airport with Qatar's UCC Holding.
- A $2 billion agreement was made with a UAE company to build a metro in Damascus.
- New investments aim to rebuild infrastructure after Syria's 14-year civil war.
- Al-Sharaa, Syrian President, and US envoy were at the signing ceremony.
- Past deals include a $6.4 billion agreement with Saudi Arabia.
- The United Nations estimates Syria's reconstruction needs over $400 billion.
- US and EU recently lifted sanctions, encouraging new investments in Syria.
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