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SANA > Syria News > Latest News > 48 Hours of Progress: Syria signs strategic agreements to boost recovery and investment

48 Hours of Progress: Syria signs strategic agreements to boost recovery and investment

1 month ago

Damascus, SANA-Syria’s post-liberation recovery is accelerating, racing to overcome years of systematic destruction under the defunct regime. Within the past 48 hours, three strategic agreements were signed in the fields of media, energy, and infrastructure—covering the establishment of a state-of-the-art media city, the implementation of solar energy projects, and the rehabilitation of dozens of bridges—signaling Syria’s return to the global investment and cooperation map.

“Damascus Gateway” Media, Arts, and Tourism City

On Monday, in the presence of President Ahmad al-Sharaa, the Ministry of Information signed a memorandum of understanding with al-Maha International Company to establish the “Damascus Gateway” city for media, artistic, and tourism production. The project is set to become a major hub for Arab and international media, featuring advanced technical infrastructure and cultural and historical distinction. It will include nine cities designed in Islamic architectural style under the supervision of Hollywood experts, enabling producers from across the Arab world and beyond to utilize the facilities without relying on external resources.

MoU with U.S. Company for Solar Power Stations

Just hours before the Damascus Gateway agreement, the public Organization for Electricity Transmission and Distribution signed an MoU with U.S.-based 20 solar energe to construct two solar power stations with a combined capacity of 200 megawatts. The project is expected to significantly improve electricity supply, positively impacting all aspects of life.

Agreement with French Firm to rehabilitate 37 Bridges

Two days ago, as part of infrastructure restoration efforts, an agreement was reached with French company Matière to rebuild and repair 37 bridges across various Syrian regions. These bridges had sustained damage during years of conflict, and their rehabilitation will help restore connectivity and ease of movement between areas.

Presidential Decrees boost economic and Social Outlook

On June 22, President al-Sharaa issued two decrees granting a 200% salary and pension increase for public sector employees and retirees. The move has been widely welcomed across Syrian society, bringing hope for improved living conditions and a better future.

Integrated Steps to Support Recovery

These developments build on previous agreements and initiatives. Recently, the World Bank approved a $146 million grant to support electricity restoration and economic recovery in Syria, reinforcing the country’s reintegration into the global economy and financial institutions.

On May 29, Syria signed a $7 billion memorandum of understanding with a global energy consortium led by Qatar’s UrbaCon Trading & Contracting (UCC) to expand the national power grid—the largest investment agreement since the fall of the former regime. Additional agreements have also been signed to facilitate transport, trade, economic cooperation, and the rehabilitation of ports and free zones with Arab and international partners.

Ongoing Engagement Underscores Syria’s Regional and Global Role

Syria continues to engage with Arab and foreign nations, leading to the lifting of sanctions and growing interest in cooperation. These efforts aim to promote security, stability, and prosperity across the region and the world, reaffirming Syria’s strategic importance and active role on the regional and international stage.
These achievements demonstrate that Syria’s journey forward is not marked by a single step, but by deliberate, confident, and accelerated strides—reclaiming its place as a cultural and strategic partner, open to the world not as a recipient of aid, but as a force for development and renewal.

Reem Abdulhameed / Rana Deeb / Manar Salameh

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