Syria Seeks New Strategies to Revive Investment and Create Job Opportunities
September 1, 2025170 ViewsRead Time: 2 minutes
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In the halls of the 62nd Damascus International Fair, where economic life is gradually returning after years of challenges, Syrian Minister of Economy and Trade Mohammad Nidal Al-Shahr announced an ambitious plan to establish a new authority for small and medium-sized enterprises. This initiative represents part of a broader vision to revive the Syrian economy, which has suffered for years from the effects of war and sanctions.
The new authority aims to address two main challenges: providing the necessary funding for small and medium-sized enterprises and training the appropriate personnel to manage them. This approach comes at a time when figures indicate rising unemployment rates, making the creation of new job opportunities a pressing national priority.
Al-Shahr emphasized during the seminar that confronting economic challenges requires more than just traditional measures; it needs a "change in the prevailing mentality" in production methods. This vision includes creating an attractive investment environment capable of stimulating comprehensive and sustainable growth.
The call to global investors to return to the Syrian market was not just a traditional speech, but was supported by a commitment that the state would provide "all the necessary facilities and support" to ensure the success of projects. This promise comes in the context of the noticeable economic activity that Syria has recently witnessed, manifested in signing agreements with several countries in various sectors.
Challenges still remain, of course. All economic sectors in Syria still need financial and technical support to drive development. However, there seems to be an official recognition that the solution must be comprehensive, starting from small and medium-sized enterprises, which usually form the backbone of any emerging economy.
The road to economic recovery is still long, but establishing a specialized authority for small and medium-sized enterprises could be a step in the right direction. Success will depend on this authority's ability to effectively provide funding, build the capacities of local personnel, and remove the bureaucratic obstacles that hinder entrepreneurship.
Reviving the Syrian economy is not solely the responsibility of the government; it requires a genuine partnership between the public and private sectors, international support, and a belief in the ability of Syrians to overcome challenges and build a more prosperous economic future.
The new authority aims to address two main challenges: providing the necessary funding for small and medium-sized enterprises and training the appropriate personnel to manage them. This approach comes at a time when figures indicate rising unemployment rates, making the creation of new job opportunities a pressing national priority.
Al-Shahr emphasized during the seminar that confronting economic challenges requires more than just traditional measures; it needs a "change in the prevailing mentality" in production methods. This vision includes creating an attractive investment environment capable of stimulating comprehensive and sustainable growth.
The call to global investors to return to the Syrian market was not just a traditional speech, but was supported by a commitment that the state would provide "all the necessary facilities and support" to ensure the success of projects. This promise comes in the context of the noticeable economic activity that Syria has recently witnessed, manifested in signing agreements with several countries in various sectors.
Challenges still remain, of course. All economic sectors in Syria still need financial and technical support to drive development. However, there seems to be an official recognition that the solution must be comprehensive, starting from small and medium-sized enterprises, which usually form the backbone of any emerging economy.
The road to economic recovery is still long, but establishing a specialized authority for small and medium-sized enterprises could be a step in the right direction. Success will depend on this authority's ability to effectively provide funding, build the capacities of local personnel, and remove the bureaucratic obstacles that hinder entrepreneurship.
Reviving the Syrian economy is not solely the responsibility of the government; it requires a genuine partnership between the public and private sectors, international support, and a belief in the ability of Syrians to overcome challenges and build a more prosperous economic future.
