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Syria signs $14 billion in investment deals, including airport and subway projects

Syria signs $14 billion in investment deals, including airport and subway projects

Straits Times06-08-2025
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FILE PHOTO: A general view shows the main entrance of Damascus International Airport in Damascus, Syria, June 30, 2025. REUTERS/Stringer/File Photo
CAIRO - Syria signed 12 investment deals worth $14 billion on Wednesday 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 $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.
In July, Syria signed $6.4 billion of investments with Saudi Arabia as it seeks to rebuild after a 14-year civil war. REUTERS
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