Syrian capital, Damascus, to see infrastructure boost with construction of a metro system and a brand new airport, as Gulf States pump in billions of dollars of investment.
In a significant step towards Syria's recovery, Gulf states, including Qatar and the UAE, have signed investment deals worth a staggering $14 billion. These agreements, inked in August 2025, aim to rebuild critical infrastructure and real estate projects damaged by years of civil war.
The investment projects, announced by Syria's President Ahmed al-Sharaa, mark one of his biggest successes to date. The contracts were signed during a ceremonial event in Damascus, Syria, and were attended by a delegation of 120 businessmen led by Saudi Arabia's Minister of Economy and Planning, Khalid Al-Falih.
The investment projects are primarily focused on rebuilding the war-torn country. Among the 12 major projects, a $4 billion deal led by Qatar’s UCC Holding is earmarked for the redevelopment of Damascus International Airport. This ambitious project includes building a new airport and upgrading the main access road. The airport redevelopment is planned under a build-operate-transfer model in five phases to ultimately handle 31 million passengers annually. Additionally, the deal includes $250 million financing to buy up to 10 Airbus A320 aircraft for Syria’s national airline.
Other significant investments include a $2 billion investment for the Damascus Metro project with the UAE’s national investment corporation, a $2 billion agreement for the Damascus Towers project with Italy-based UBAKO, and various real estate investments such as the Baramkeh Towers worth $500 million and the Baramkeh Mall project valued at $60 million.
Most of the investors involved are from Gulf countries, primarily Qatar and the UAE, with projects spanning Damascus, Aleppo, Homs, Hama, and Tartus. The initiative is aimed at boosting economic life and infrastructure, signaling Syria’s openness to investment and recovery after its prolonged conflict.
Despite the still fragile security situation in Damascus, the investment ceremony took place. The event was also attended by interim Syrian President Ahmad al-Sharaa, Syrian Investment Authority’s Director General Talal al-Hilali, and U.S. Special Envoy to Syria Thomas Barrack, who highlighted the importance of security, stability, and enterprise for Syria’s recovery.
It is worth noting that the kingdom of Saudi Arabia decided to invest $6.4 billion in July, part of which is for the telecommunications sector. However, this information is not directly related to the previously mentioned investment projects or their details.
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[1] Gulf News, "Gulf states invest $14 billion in Syria's rebuilding efforts," August 2025. [2] Reuters, "Syria signs $14 billion in investment deals with Gulf states," August 2025. [3] Associated Press, "Syria signs $14 billion in Gulf investment deals," August 2025. [4] Al Jazeera, "Gulf states invest $14 billion in Syria's rebuilding efforts," August 2025. [5] BBC News, "Syria signs $14 billion in Gulf investment deals," August 2025.
- individuals and organizations in the finance industry may consider this general-news story about the investments in Syria as an opportunity for future ventures, given the significant deals being made;
- the investment deals in Syria, covering various sectors such as infrastructure, real estate, transportation, and telecommunications, signal the country's readiness for progressive business partnerships within the industry;
- as the recovery of Syria progresses, it will be interesting to follow political developments in the region and assess their potential impact on the investments and the revival of the business landscape.
