Syria has signed investment agreements totaling $14 billion to develop key infrastructure projects, including the Damascus International Airport and the Damascus metro system. The deals involve UCC Holdings for the airport redevelopment and the UAE's National Investment Corporation for the metro project. The Syrian Investment Authority announced 12 projects valued at $14 billion, with the airport project alone estimated at $4 billion and the metro at $2 billion. These initiatives are part of Syria's broader efforts to rebuild its aviation industry and infrastructure following years of civil conflict. The country plans to incorporate new Airbus aircraft as it reopens, aiming to revive its tourism sector and support post-war recovery amid ongoing political changes, including the recent fall of President Bashar Al-Assad's regime.
The dramatic collapse of President Bashar Al-Assad's brutal regime last December reignited hopes that the country could revitalise its tourism industry after over a decade of war https://t.co/NQCA0oOSUC
The fall of the Assad regime reignited hopes that Syria could revive its tourism industry and aid post-war recovery, but subsequent crises have complicated these ambitions 🖋 @pauliddon https://t.co/NQCA0oOSUC
Can a post-Assad Syria finally unlock its tourism potential? https://t.co/NQCA0oOSUC