Emirati newspaper: A major international alliance announces its readiness to support the reconstruction of Syria with a value of 500 billion dollars.

The Emirati newspaper "The National" revealed an increasing interest from international companies, from various sectors such as banks, energy, and ports, in investing in reconstruction projects in Syria, estimated to cost around 500 billion dollars.

According to the newspaper, DenizBank, a Turkish bank fully owned by Emirates NBD Group, announced its readiness to provide additional financial facilities to support reconstruction-related projects, amidst investments flowing into various Syrian sectors.

On the other hand, "DP World" revealed plans to enhance shipping between Turkey and Syria in response to the increasing demand for transporting goods to support reconstruction efforts.

Major deals and international partnerships

The Turkish holding company "Calik" signed a massive agreement worth 7 billion dollars last Thursday to build power stations in Syria, with the participation of an alliance including American and Qatari companies, indicating a growing openness to the Syrian market.

The group's CEO stated that "the international commitment to Syria is clear, with direct support from the European Union and the United States, despite the security challenges surrounding the scene," pointing out that "the investment alliance includes elite companies capable of efficiently implementing projects." He added: "The Syrian people are tired of war and suffering, and are earnestly looking forward to development projects that uplift their reality."

Promising logistical and economic opportunities

Chris Adams, Deputy CEO of DP World for Eastern Europe, anticipated a significant increase in cargo traffic heading to Syria, stating that "the reopening of the Syrian economy paves the way for promising logistical opportunities, especially in ports within Syria and neighboring countries like Turkey."

Meanwhile, Burak Daglioglu, head of the Turkish Presidency's Investment Office, emphasized that Syria's return to the global economy "represents an opportunity not only for Turkey but for many countries," noting that "lifting sanctions will provide equal opportunities for those willing to contribute, but the greatest opportunity remains for the Syrians themselves to rebuild their country with their own hands."

This comes at a time when Syria is witnessing rapid international movements to support reconstruction, amid expectations of increased foreign investments in the coming period.