Syria Attracts $28 Billion Investment Since Assad Overthrow

Since the overthrow of Bashar al-Assad's government in December 2024, Syria has attracted approximately $28 billion in foreign investments as part of its economic reconstruction efforts. President Ahmed Al-Sharaa emphasized at the Future Investment Initiative conference in Riyadh that Syria is focusing on rebuilding through investment rather than aid, positioning the country as a critical trade corridor with significant opportunities for growth. Saudi Arabia, under Crown Prince Mohammed bin Salman, has been a key supporter, successfully advocating for the lifting of U.S. sanctions and committing billions in investments alongside other Gulf states like Qatar. Sharaa highlighted Syria's favorable investment laws and ongoing negotiations with countries including Kuwait, Bahrain, Jordan, and Turkey to increase inflows. Despite the challenges from over a decade of civil war, Syria aims to transform into a commercial hub, with reconstruction costs estimated by the World Bank at $216 billion. This shift marks a significant geopolitical realignment, reducing Syria's previous reliance on Iran and Russia and integrating it into regional economic frameworks.