Syria signs deals worth $14b, including $4b from Qatar for new Damascus airport

A Qatar Airways plane, background, the first international commercial flight since the fall of the Assad regime, lands at Damascus Airport, Jan. 7, 2025. (AP/Omar Sanadiki)
A Qatar Airways plane, background, the first international commercial flight since the fall of the Assad regime, lands at Damascus Airport, Jan. 7, 2025. (AP/Omar Sanadiki)

Syria signs 12 investment deals worth $14 billion 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 include 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.

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