The new entity, named Invest in Syria Fund, came during a press briefing held in Damascus, under the slogan “Solutions and Models for Investment in Syria under Sanctions.”
The Authority’s Director General, Sinan Hatahet, said the fund will attract and encourage investment, and its activities will target all regions and governorates, as well as several productive and service sectors, such as infrastructure, banking, finance, industry, agriculture, energy, and technology.
Hatahet explained that the country will provide entrepreneurs and investors with a special license from the United States Treasury to evade the sanctions imposed on the country, reassure investors, and provide sufficient guarantees to transfer funds to and from Syria.
For his part, Muhammad Yasser Tabara, a member of the Fund’s board of directors, noted they will facilitate the procedures for investors, establish several projects in some Syrian regions, and change the mindset of expatriates from donors to investment partners.
Syria’s interim President Ahmad al-Sharaa revealed during his recent meeting in the United Arab Emirates (UAE) with a group of Syrian entrepreneurs, his government’s intention to establish a unified investment window to allow them to complete their transactions with ease, in addition to plans to establish an industrial investment fund.
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