Syria opens economy for investment at Davos

Syria announced plans to open its economy to foreign investment and strengthen energy and electricity partnerships with Gulf states, according to Foreign Minister Asaad Hassan al-Shibani at the 55th annual World Economic Forum in Davos.

Shibani highlighted Syria’s diverse economic resources, including industry and tourism, as key drivers for future investment opportunities. Recent visits to Saudi Arabia, the UAE, and Qatar focused on enhancing regional ties. Qatar pledges an initial supply of 200 megawatts of electricity to Syria, aiming to increase this gradually.

Efforts are also underway to draft a new constitution through a committee representing various societal groups, part of a national dialogue to chart the country’s political future. Both Shibani and UN Syria envoy Geir Pedersen emphasised the need for lifting international sanctions to restore Syria’s sovereignty and economic stability.

Attribution: Reuters

Subediting: M. S. Salama

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