UAE and Syria Launch First Investment Forum; $50 Billion Urban Projects Under Review
Damascus hosted the first Syrian-Emirati Investment Forum in Damascus on May 11, 2026, signaling a strategic pivot toward economic normalization and reconstruction. The event, organized by the Syrian Investment Authority at the Ebla Cham Hotel, focused on expanding cooperation within the production and development sectors.
Among the most significant developments emerging from the forum is the news that UAE-based Eagle Hills is studying two urban development projects in Syria with a projected cost exceeding $50 billion. This potential investment underscores a renewed regional engagement and Syria’s efforts to reintegrate into international economic activity.
Syrian Economy and Industry Minister Nidal al-Shaar highlighted the UAE’s economic success, noting that its model is built on innovation, efficiency, and a business-friendly environment. Al-Shaar stated that relations between the two nations are rooted in mutual respect and longstanding ties, adding, “We share a common belief that real development begins with a shared vision between the two countries.”
The forum serves as a foundation for broader Emirati openness toward Syria. This sentiment was echoed by Thani Al-Zeyoudi, who remarked that Damascus remains in the hearts of Emiratis, further emphasizing the emotional and diplomatic ties accompanying the economic shift.
Talal al-Hilali, Director General of the Syrian Investment Authority, welcomed Emirati investors and encouraged their participation in Syria’s economic recovery. Al-Hilali noted that the UAE represents a leading regional model for rapid implementation and competitive business environments, stating that Syria is entering a “new phase” that requires strengthened cooperation to support reconstruction efforts.
The event marks a symbolic moment where Syria welcomes the UAE, signaling a potential era of increased capital flow and infrastructure development in the region.
