Syria unveils new banknotes removing al-Assad images from currency: “Improving the economy depends on increasing production rates and reducing unemployment rates in Syria, and one of the basics of achieving economic growth is improving the banking situation because banks are like arteries for the economy.“

Syria: Joint Multi-Sectoral Needs Assessment (JMSNA) December 2025

‘Syria to prioritise restoring rail link to Türkiye’

Syrian Phosphate: A Strategic resource for economic recovery: “Ports are not merely loading points, but real logistics platforms linking domestic production to international markets. Modernizing port infrastructure, railway and road transport networks, as well as storage and processing facilities, would reduce transport costs, improve the competitiveness of Syrian phosphate, and attract foreign investment.

In recent years, the Syrian phosphate sector has been placed under the near-exclusive control of companies linked to the deposed regime, which, according to economic analysts, together with international sanctions, has contributed to lower real benefits for the Syrian economy, hindered the introduction of modern technologies, and prevented the emergence of transparent and equitable partnerships“

Syria’a Reconstruction Begins

Syria’s Economy After the 2024 Transition: Jobs, Enterprise, and a Path Forward: “Job creation is Syria’s most urgent economic priority.
Yet the private sector’s ability to drive recovery depends heavily on the rules under which it operates. Years of opaque regulation, uneven enforcement, and limited access to finance have constrained growth and discouraged reinvestment. Businesses need to know that licences can be obtained transparently, that land access is equitable, and that regulations are applied consistently.“

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Rebuilding Syria Through Investment, Not Aid: What Does This $28 Billion Mean For Startup Opportunities?

The Triple Crisis

Damascus Businessmen Forum Aims To Rebuild Regional Trust With Focus on Investment, Not Aid

Syria Advances Digital Reconstruction with Landmark Submarine Cable Agreement

Syria secures $28bn investments; Gulf states lead

How sanctions cripple Syria’s economy and its people

Syria Moves to Overhaul Gold Trade with Law Amendment, Refinery Licensing: “The goal, al-Husrieh noted, is to position Syria as a regional hub for gold and jewelry manufacturing and to revive its longstanding reputation for craftsmanship and high-quality production in this field.”

World Bank New Report on Syria: “Jean-Christophe Carret, World Bank Director for the Middle East, said that among Syria’s urgent reconstruction needs, restoring the power sector stands out as a critical investment that would improve living conditions, support the return of refugees and internally displaced persons, enable the resumption of services such as water and healthcare, and drive economic recovery.“

Caesar Act Repeal Marks a Start for Syria’s Economic Recovery: “Minister of Economy and Industry Mohammad Nidal al-Shaar commended the U.S. Senate’s approval of the repeal of the Caesar Act, describing it as a historic moment and the start of a new phase of economic recovery in Syria after years of restrictions and isolation.“

Syria won’t wait for global community to reform economy: Finance Minister: “What we need from the IMF and World Bank is capacity building, knowledge transfer, technology, know how, expertise and so on,” he said. “We don’t need money from them…,I’m not excluding borrowing down the road, but now we have no intention whatsoever,” he added. “We want to make sure that our house (is) in order…., If you look at our reform agenda now, every single piece of reform is focused on how to create the ecosystem to support the private sectors and how to create the ecosystem to support attracting foreign investment,” he said. “I’m sure one day, everybody will realize that Syria is a good place to invest,” he continued. “My message is: Do not wait...It will take quite some time, but then the opportunity will be missed.”

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Syria’s Finance Minister: Taxes on Industry Will Be Cut to 10%: “the goal of these measures is to develop the national economy and increase exports, which have declined by 90 percent since 2010.“

Damascus Dominance: Why the Capital Captures 80% of Syria’s New Investments

Syria Updates Investment Banks Law to Attract Foreign Investment, Governor

Rebuilding Syria: Hopes and Hurdles

Syria signs tourism investment contracts worth $1.5 billion

Syrian President Sharaa Pitches Economic Project in New York: A Path to Rejoining the Global Economy?

Syria, EU Explore Shift from Aid to Development in Key Sectors

Syria unlocks digital finance after sanctions from USA: “For Syria, digital assets are more than investment vehicles they represent a pathway to reconnect with the global economy, foster innovation, and empower a generation previously excluded from traditional financial systems.“

U.S.-Syria Business Council Calls on American Companies to Lead in Syria’s $1 Trillion Market at Concordia Summit

Loans starting at €50 million offered for renewable energy projects in Syria

Syria set to boost digital payments through Mastercard pact

Saudi Arabia grants Syria 1.65m barrels of oil

Emirati magnate Khalaf al-Habtoor says he plans to invest in war-torn Syria:”He told The Associated Press that he plans to invest in a project to operate up to 3,000 buses across the country in partnership with the Syrian state, a project he said could generate around 30,000 jobs. He said he also plans to establish large car showrooms that would provide additional employment for young Syrians. […] “We want to invest in something that will serve people,” he said. “We don’t want to just construct buildings. A building, you build it and then it’s done — we want to make a long-term investment.””

Syria targets $2bn in budget revenues from state-owned firms

The missing piece in Syria's reconstruction: Community engagement

After TML Exposé, Damascus Orders Nationwide Audit of Investment MOUs: “An official at the Ministry of Economy and Foreign Trade said the decision aims to separate viable deals from placeholders”

Syria’s quest to build its own Silicon Valley

Syria makes debut at Türkiye’s Teknofest, showcasing drones and agri-tech in Istanbul: “Among the exhibitors is AvioTech, a Syrian-founded company based in Türkiye’s Gaziantep province. Its founder, Hussein Ali, introduced the firm’s first fully Syrian-made drone, designed for agricultural use.“

Syria Rising as a Frontier Economy in the Middle East

Syrian president announces launch of development fund for post-Assad reconstruction: “Sharaa stressed that the fund will operate with the highest level of transparency.“Every dollar spent will be publicly disclosed within strategic projects.” Minutes after the fund’s launch, donations have surpassed $30 million, according to a SANA correspondent.“

US Department of Commerce Relaxes Export Controls for Syria

Damascus International Fair concludes its 62nd session with great success: More than two million visitors and dozens of investment agreements

On Water Scarcity and Food Shortages in Syria

Saudi Arabia announces Damascus area reconstruction project to clear rubble: “The aid will also help rebuild 34 schools in Aleppo, Idlib and Homs, reconstruct dozens of bakeries, and rehabilitate sewage and water infrastructure in Damascus.“

GitHub is enabling broader access for developers in Syria following new government trade rules

Syria, Saudi Arabia sign 6 energy agreements: “the agreements include cooperation in power projects, transmission and distribution stations, geophysical and geological surveys, oilfield services, drilling, and maintenance of wells. The deals also cover technical training, workforce development, and integrated solutions for oil and gas field management”

Nokia Returns to Syria Through a Strategic Partnership to Support Digital Transformation

Al-sharaa Launches Major Reconstruction Projects in Homs, Syria: “He laid the foundation stone for a series of development projects, including the “Dar al-Salam” package, the “Homs Boulevard” project, and the “Syrian Oil Transport Company” (IPC) project.”

New Currency or Banking Freedom? Syria's Critical Economic Crossroads

Syrian Sports Launches Towards a Promising Investment Future: 66 Projects Worth 66 Billion Lira

Syria announces 500 new investment opportunities in free zones

Syria signs deal with STE to build 100MW solar PV plant in Kafr Behm, Hama Governorate

Jordan provides internet capacity to Syria under new cooperation deal

Syria makes first official crude export in 14 years

Syria Launches a National Program to Combat Poverty Within a Comprehensive Strategy

Syria to revalue currency, dropping two zeros in bid for stability: “Two of the bankers and another Syrian source familiar with the matter told Reuters that Syria had agreed with Russian state-owned money printing firm Goznak to produce the new notes. […] Officials plan an information campaign in the coming weeks before the formal launch of the new notes on December 8, the one-year anniversary of Assad's ouster.”

Falling Construction Material Prices Revive Home Reconstruction in Syria: “Enab Baladi observed a clear difference in today’s prices compared to just months ago. In August 2024, a ton of iron cost over $1,000, but has now dropped to around $600. The price of a ton of locally produced cement fell to $120 from about $140 at the end of 2024.“

Google removes Syria from advertising sanctions list: “In August 2025, the Google Ads Legal Requirements policy and the Understanding Country Restrictions help center page will both be updated to reflect the removal of Syria from the US Office of Foreign Asset Control sanctions list.”

Turkey to help Syria with weapon systems, equipment under new accord, source says: “Turkey will provide weapons systems and logistical tools to Syria under a military cooperation accord signed on Wednesday, a Turkish Defense Ministry source said, adding that Ankara would also train the Syrian army in using such equipment if needed.“

Syria signs new tourism investment agreements: “ Syria’s Tourism Ministry has signed multiple agreements and memoranda of understanding with Arab and foreign companies to develop tourism facilities across several governorates […] In coordination with the Syrian Investment Authority, the ministry is streamlining investment procedures by creating an investor services center and preparing a comprehensive investment guide detailing available incentives and exemptions.”

Syria revives tech sector after the fall of Assad and lifting of sanctions: On SYNC and their plans for creating 25,000 jobs.

Jordan announces decline in drug smuggling on border with Syria

Financial Recovery in Syria: Radical Reforms and Promising Investment Opportunities: “the Governor of the Central Bank of Syria, Abdul Qadir Al-Hosari, revealed an ambitious package of reforms aimed at rebuilding the Syrian financial sector, amidst notable investment interest, beginning with an unprecedented banking revival as it received 70 offers to establish new banks from local and international investors, […] Regarding monetary stability, the exchange rate of the Syrian pound improved by 35%, reducing the gap between the official price and the parallel market, and developing national payment systems in preparation for opening up to the private sector […] Avoiding external borrowing and focusing on attracting foreign direct investment and financing through development funds while maintaining monetary independence by not linking the pound to any foreign currency, reintegrating into the global financial system, reactivating the banking correspondence network after lifting sanctions, and working to reconnect the Syrian banking system to the "SWIFT" network, and strengthening anti-money laundering systems to build trust with global banks. […] Despite these positive indicators, Syria faces serious challenges in the recovery process, primarily inflation risks with increased liquidity, a weak local production base, and an unstable regional political environment.”

Saudi steps to engage in the Syrian cement sector: “The General Organization for Cement and Building Materials Marketing (Omran) at the Adra Cement Plant (near Damascus) received a technical delegation from Saudi Arabia’s Northern Cement Group on Thursday, August 15, as part of the memorandum of understanding signed during the Syrian-Saudi Investment Forum last month. The agreement aims to rehabilitate and modernize state-owned cement plants in Syria […] A vocational training center at the Adra plant will also be reactivated with Saudi assistance to prepare skilled workers capable of supporting both public and private factories. According to Fadila, Omran has developed a strategic plan to strengthen its competitiveness in the domestic market by matching imported cement products in quality and diversity. […] The company will launch recruitment competitions and a 90-day training program, extendable if needed, under the supervision of Arab and foreign experts.”

Syria launches Give Me Back My School campaign amid rebuilding efforts: “448 schools have already been repaired, with work continuing on 330 more. "There are 7,215 schools across the country that are still waiting to be restored. During this process, the Ministry of Finance has launched an investment plan," he said.”

Historic drought, wheat shortage to test Syria's new leadership: “Syria faces a potential food crisis after the worst drought in 36 years slashed wheat production by around 40%, squeezing the country's cash-strapped government, which has been unable to secure large-scale purchases. Around three million Syrians could face severe hunger, the United Nations' World Food Programme told Reuters in written answers to questions, without giving a timeframe.“

Syria Aid Levels Lag Far Behind International Promises: “The European Commission has so far disbursed just 12% of its pledge, while Germany has disbursed 10.7%, Canada 9.8%, South Korea 6.8%, Japan 6.7%, Sweden 6.5%, Turkey 5.4%, Switzerland 5.3%, the United Kingdom 4.7%, and the United States 4.2%. Regardless of the reasons for failing to follow through, chronic underfunding of core humanitarian sectors risks deepening poverty in all its forms and eroding already fragile social cohesion at a critical moment for the country’s future. […] These concerns are clearly reflected in the extremely low funding rates for essential sectors that suffered severe declines in development indicators during the war years. Education has received just 4% of what it needs, water and sanitation 2.6%, health 6.6%, early recovery and livelihoods 8.1%, food security and agriculture 8.2%, and nutrition 3%. Only logistics exceeded its target—at 130%—but that line item amounted to just $1.4 million in total. Even “coordination and common services” stands at just 23%.“

Saudi Arabia, Syria sign investment protection deal: “The event builds on last month’s Syrian-Saudi Investment Forum in Damascus, where over 100 firms from the Kingdom, alongside 20 government agencies, signed 47 deals worth $6.4 billion across sectors including real estate, infrastructure, and finance, as well as telecom, energy, and industry. […] The ministry added that the scope includes safeguarding investors and investments, accelerating integration, ensuring a secure environment backed by favorable laws, and boosting the flow of capital into key sectors. […] He also revealed that 80 Saudi companies have registered to participate in the Damascus International Fair, which will be held after a six-year pause from Aug. 27 to Sept. 5.“

Maintaining Momentum in Syria’s Energy Sector: “New oil, gas, and infrastructure initiatives have continued rolling in since the Trump administration’s removal of sanctions, but they may amount to little in the long term unless more is done to build Syria’s own capacity, tamp down on political tensions, and address bureaucratic confusion.”

Syrian-U.S. “SYNC’25 II” conference… Step to boost the global tech industry: “several projects the ministry is working on, […] “Barq” project, which aims to provide high-speed internet at workplaces and homes. […] the “Silk Link” project, which will provide a new backbone fiber-optic infrastructure across Syria, aiming to transform the country into a regional hub for data transmission and international connectivity.”

Jordan-Syria-US meeting held in Amman to discuss Syrian reconstruction: “It also focused on supporting ‘the Syrian government’s efforts to consolidate’ a ceasefire in the Druze-majority Syrian province of Suwayda, as Syria’s minority communities continue to express concerns for their safety. […] Damascus said the sides had agreed to form a working group “to support the Syrian government’s efforts to consolidate the ceasefire in [Suwayda] province, and work to find a comprehensive solution to the crisis”..”

Why Syrian Products Fail to Compete Against the “Flood” of Foreign Goods: “the crisis stems from decades of a closed, protectionist, monopolistic economy lacking modern management and development tools. He explained that the rentier model dominating domestic production created a fragile structure focused on assembly and packaging rather than investing in quality or modern technology. As a result, Syrian industries were ill-prepared for direct competition with advanced foreign goods. The shift toward a free market economy occurred without ensuring fair competition conditions, leaving local products directly exposed to European goods, which often outperform them in quality and come at lower prices—making them preferable to low-income consumers.”

Syria forums in Bahrain, Abu Dhabi eye $500bn reconstruction investment push: “In a move to mobilise international capital for Syria’s estimated $500 billion reconstruction effort, the Syria Recovery & Investment Forum is launching two new editions this September — in Bahrain and Abu Dhabi — following the success of its July event in Dubai.”

Syria Tries To Rebuild A Functioning Economy After Years of Corrupt Dictatorship: “Syria has made clear it wants to maintain control over its finances, rejecting World Bank and IMF loans, planning to issue bonds and treasury bills to finance spending instead.”

Türkiye aims for over $2B in exports to Syria after new trade accord: ““We will participate in the 62nd Damascus International Fair to be held on August 27–September 5 with our Turkish booth,” he said. “We believe this event will present opportunities for mutual investments.”“

Turkey Seeks to Build Industrial Zones in Syria to Bolster Trade: “We hope that Turkey will establish factories in Syria and distribute industrial products through Syria.” - Nidal Al-Shaar, the Syrian Minister of Economy and Industry.

Syria signs $14 billion in investment deals, including airport and subway projects: “The agreements included a $4 billion deal for building a new airport in Damascus signed with Qatar's UCC holding, and a $2 billion deal to establish a subway in the Syrian capital with the UAE's national investment corporation.

Other major developments include the $2 billion Damascus Towers project signed with Italy-based UBAKO.”

Türkiye, Syria sign deal to launch business council, boost economic ties: “The discussions focused on cooperation opportunities within Syria’s post-war reconstruction process, particularly in the areas of infrastructure and public services through Build-Operate-Transfer (BOT) and Public-Private Partnership (PPP) models.”

The Trump administration has hit Syria with the highest tariff rate of any country in the world: 41%: “While the recent lifting of many U.S., U.K., and EU sanctions was a welcome development for Damascus’ economic ambitions, Washington’s imposition of steep tariffs now threatens to restrict any potential for meaningful trade with the United States. […] More than two-thirds of Syria’s electricity grid is non-functional, according to aid organizations, with major cities like Aleppo and Damascus facing blackouts for more than 20 hours a day. In many rural and conflict-ridden areas, there is no power at all. […] Economic observers note that the 41% tariff itself will have little actual impact on Syria’s devastated economy, since bilateral trade between the two countries is so negligible. “But the symbolism behind this decision carries far greater weight than the trade figures suggest,” Cafiero said.”

Kilis-Aleppo natural gas pipeline opened: Gas flow from Turkey to Syria started: “Turkey, Qatar, Azerbaijan and Syria are supporting a project that will provide electricity to 5 million households in Aleppo. […] the new pipeline means the electricity supply in Syria will be increased from between three and four hours a day to ten hours a day.”

Türkiye says its banks set to launch operations in Syria: "From now on, our trucks will no longer need to transfer cargo or swap trailers at the Syrian border. In the coming period, Aleppo will become a strong logistics hub. Syria's transportation corridors will be reactivated. We are entering a new era where transit transport to Gulf countries will resume, and both our countries will benefit from emerging areas of cooperation in trade,"

Idlib Road Contracts: Reconstruction or Monopoly?