![US Special Representative for Syria Tom Barrack (13th L) and Syrian Foreign Minister Asaad Hassan al-Shaibani (13th R) attend a ceremony as Syria signed a series of investment memoranda worth $14 billion on Wednesday with several foreign companies, covering 12 major strategic projects in Damascus, Syria on August 06, 2025. [Izz Aldien Alqasem - Anadolu Agency]](https://www.middleeastmonitor.com/wp-content/uploads/2025/08/AA-20250806-38761434-38761419-4_BILLION_INVESTMENT_IN_DAMASCUS_INTERNATIONAL_AIRPORT-1.jpg)
Syria signed a series of investment memoranda worth $14 billion on Wednesday with several foreign companies, covering 12 major strategic projects, Anadolu reports. The signing ceremony was held at the People’s Palace in Damascus, in the presence of President Ahmad al‑Sharaa, the state news agency SANA reported. Talal al‑Hilali, Director of the Syrian Investment Authority, said the agreements include a $4 billion deal with Qatar’s UCC Holding for developing Damascus International Airport, a $2 billion Damascus metro deal with the UAE’s national investment corporation, and a $2 billion deal for Damascus Towers with Italy-based UBAKO. He said Syria also inked a $500-million-dollar deal for the Baramkeh Towers project, and another $60 million agreement for Baramkeh Mall. During the ceremony, US Special Envoy to Syria Thomas Barrack described […]
