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PoliticsEconomySyria News

US envoy Thomas Barrack: The path of investment in Syria is open thanks to Trump's decision.

May 30, 202574 ViewsRead Time: 2 minutes
US envoy Thomas Barrack: The path of investment in Syria is open thanks to Trump's decision.
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The U.S. Special Envoy to Syria, Thomas Barak, confirmed today that the path for investments in Syria is now open, following the injection of billions of dollars of international investments into the country.
This announcement comes just a week after U.S. President Donald Trump declared his decision to lift the sanctions imposed on Syria.

Barak pointed out in a post on the "Ex" platform (formerly Twitter) that the $7 billion energy deal signed between Syria, the United States, Turkey, and Qatar represents a significant example of opening a new path for partnerships and regional cooperation in the area.

He emphasized that Syria is now open to the business world, stating: "It is time for trade, not chaos."

Details of the agreement revealed that Syria today signed a memorandum of understanding and an agreement with an alliance of international companies in the energy sector worth $7 billion, including generating 5,000 megawatts of electricity through 4 gas stations, in addition to establishing a 1000-megawatt solar power station.

During a meeting with Syrian State Minister Dr. Mohammed Al-Khalifi in Istanbul, Barak explained that U.S. President Donald Trump weaved a "new unexpected Damascus brocade" just three weeks ago, confirming that this new path reflects cooperation between Syria, the United States, Qatar, and Turkey, despite challenges previously deemed impossible.

Barak added that Qatar plans to invest in Syria, which has become open for business thanks to the decisive decision of U.S. Secretary of State Marco Rubio to lift the sanctions.

These steps come amidst efforts to rebuild Syria and develop its infrastructure after years of crisis, with stakeholders emphasizing the necessity for Syrians to determine their country's fate themselves and enhance economic stability in the region.
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Nagham Bilal

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