Syrian Finance Minister Yisr Barnieh invited foreign investors to explore business opportunities in Syria after US President Donald Trump announced the removal of all US sanctions on the country. This unexpected move marks a significant shift for Syria’s economy, which has struggled under years of conflict and economic restrictions.
Barnieh highlighted Syria’s vast potential across sectors like agriculture, oil, tourism, infrastructure, and transportation. He said the government plans to give the private sector a central role in rebuilding the economy. The Finance Ministry aims to support business growth instead of acting as a strict regulator.
Since former leader Bashar Assad fled to Russia last year, changes in Syria have been rapid. Former rebel commander Ahmed Sharaa took over as president, quickly forming a new government. Sharaa gained support from Gulf Arab countries and helped lift most European sanctions. His recent meeting with Trump in Riyadh confirmed the US decision to end sanctions, removing a major obstacle to Syria’s recovery.
Lifting sanctions will help Syria rejoin the global financial system. This will allow the country to restore financial flows and attract much-needed investments in various sectors. Countries such as Saudi Arabia, the UAE, Kuwait, Qatar, and several European nations have already shown interest in investing.
The Syrian government is working on reforms to modernize the economy. These include improving public financial management, updating the tax system, customs, and banking. The goal is to reduce the large public sector’s burden and encourage private sector growth.
Despite the positive steps, the recovery will take time. The removal of sanctions is only the beginning of a long rebuilding process after 14 years of war. The government aims for visible progress and sustainable economic growth in the coming years.
