Syria signs $18b in investment deals, including airport and subway projects
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Syria's interim president, Mr Ahmed al-Sharaa (centre), posing for a group photo during the Aug 6 signing ceremony for investment deals worth US$14 billion (S$18 billion).
PHOTO: REUTERS
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CAIRO - Syria signed 12 investment deals worth US$14 billion (S$18 billion) on Aug 6 in a ceremony attended by interim President Ahmed al-Sharaa, including infrastructure, transportation and real estate projects aimed at reviving the war-damaged economy.
The agreements included a US$4 billion deal for building a new airport in Damascus signed with Qatar’s UCC holding, and a US$2 billion deal to establish a subway in the Syrian capital with the UAE’s national investment corporation.
Other major developments include the US$2 billion Damascus Towers project signed with Italy-based Ubako.
In July, Syria signed US$6.4 billion of investments with Saudi Arabia
