"Invest in Syria" fund launches an initiative to support investment amidst sanctions.

The "Invest in Syria" fund launched a press conference titled "Solutions and Models for Investing in Syria under Sanctions" today, Wednesday, April 16 in Damascus. Participants emphasized that the fund aims to attract foreign and local investments through legal mechanisms that circumvent international sanctions. Dr. Sinan Hatatah, the fund's general manager, revealed that this initiative is registered in Dearborn, Michigan, and focuses on 6 sectors: technology, logistics, education, smart agriculture, and communications. Hatatah stated that the fund has requested a license from the U.S. Treasury to operate legally in Syria and has already invested in 7 companies in northern Syria. The conference discussed ways to encourage investment under the imposed sanctions on Syria. Lawyer Yasser Tabara, a founding committee member, mentioned that the fund targets Syrians inside and outside the country to transform them from "donors" to "investor partners." He added that registration in America aims to enhance trust and ensure legal compliance. A workshop identified three main obstacles to investment: sanctions, legal environment, and market trust issues. Tabara disclosed submitting a comprehensive license application to the U.S. Treasury and collaborating with international consulting firms to overcome these obstacles. Hatatah viewed the collapse of services in Syria as an opportunity for the private sector to fill the gaps, especially in areas like health and energy. He confirmed that the fund provides feasibility studies and legal mediation for serious investors with a capital of at least one million dollars. The conference concluded with an invitation to investors, emphasizing that the fund is an "open door" for anyone willing to contribute to reconstruction through secure investments. The project was described as a "sustainable model" aimed at empowering Syrians economically despite the challenges. It is worth mentioning that the fund aims to bridge investors and opportunities in Syria, focusing on innovative solutions that comply with international laws.