Story perspectives

Al-Sharaa Projects Syria Economy Growth to $50B by 2027

By Drooid · Sep 16, 2026, 11:19 PM UTC · How we work

Summary

Al-Sharaa Highlights Economy

Syrian President Ahmad al-Sharaa delivered a keynote address at the Arab Media Summit in Dubai.
He said Syria’s economy fell from $60 billion to $20 billion.
He said it rose to $32 billion in 2025 and targets $50 billion in 2027.
He highlighted UAE investment, noting DP World’s development of the Port of Tartus and further projects under discussion.

Summary

Al-Sharaa Announces Rebuilding

President Ahmed al-Sharaa credited Prince Mohammed bin Salman, President Recep Tayyip Erdogan and U.S. President Donald Trump for ending decades-long sanctions.
He said sanctions dating to 1979 left generations without modern banking or financial transaction experience.
Al-Sharaa announced Syria is rebuilding state institutions after six decades of corruption and poor planning.
He warned that sectarian conflict, infrastructure strain and energy pressures threaten the post-liberation capital.

History

Historical Context

Following Iraq’s 1990 invasion of Kuwait, the UN imposed sanctions (Resolution 661). Limited relief arrived with Resolution 706 (15 August 1991) and the 1995 Oil-for-Food Programme, permitting $2 billion of oil sales each six months and boosting GDP from $10.8 billion in 1996 to $30.8 billion by 2000. The outcome led the UN to adopt targeted sanctions in the mid-1990s, a precedent cited for Syrian relief.

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Al-Sharaa Highlights Economy

Syrian President Ahmad al-Sharaa delivered a keynote address at the Arab Media Summit in Dubai.
He said Syria’s economy fell from $60 billion to $20 billion.
He said it rose to $32 billion in 2025 and targets $50 billion in 2027.
He highlighted UAE investment, noting DP World’s development of the Port of Tartus and further projects under discussion.

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