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Syria Signs USD 7 Billion Energy Investment Deal with Regional and International Partners
- On Thursday, Syria's Ministry of Energy partnered with Turkish, Qatari, and US companies in a major $7 billion agreement to enhance the country's electricity generation capacity and support post-war economic recovery.
- This landmark deal follows the lifting of Western sanctions and aims to repair the war-damaged electricity infrastructure after 14 years of civil war.
- The agreement includes building four combined-cycle gas turbine plants in Deir ez-Zor, Hama, and Homs, plus a 1,000-megawatt solar project in southern Syria.
- Energy Minister Mohammed al-Bashir declared this as a “historic moment” signaling a shift toward energy diversification, job creation, and economic recovery in Syria.
- The projects expected to generate around 5,000 megawatts will improve daily life, foster regional cooperation, and support Syria’s post-conflict reconstruction efforts.
35 Articles
35 Articles
Syria signs $7 billion energy deal with Qatari consortium
Syria on Thursday signed a $7 billion energy agreement with a consortium of American, Qatari, and Turkish companies to deliver 5,000 megawatts of electricity, aiming to significantly boost its power supply and meet the long-term goal of energy self-sufficiency.
Syria signs $7 billion power deal with Qatar's UCC Holding-led consortium
Syria has signed a memorandum of understanding with a consortium of international companies led by Qatar's UCC Holding to develop major power generation projects with a foreign investment valued at about $7 billion, UCC said in a statement on Thursday.
Syria signs first reconstruction deal valued at $7B
The NewsSyria signed its first major reconstruction deal, sealed weeks after US President Donald Trump decided to lift sanctions in a signal of a shifting regional order. Washington’s envoy to Syria Thomas Barrack was present at the signing of the $7-billion gas and solar power project, as were US military officers working alongside predominantly Kurdish forces who had battled against Islamic State militants. Barrack later raised the US flag at …
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