UAE and Syria Forge New Economic Ties With Focus on Free Zones and Reconstruction
The United Arab Emirates and Syria are entering a new phase of economic cooperation, shifting from high-level discussions toward the implementation of tangible joint projects. Central to this strategy is the development of free zones within Syria, aimed at revitalizing the country’s infrastructure and stimulating economic growth.
These developments came to light during the first Syrian-UAE Investment Forum in Damascus. Organized by the Syrian Investment Authority, the forum serves as a platform to explore investment prospects and economic synergy between the two nations.
During the opening session on May 12, 2026, Thani Al-Zeyoudi, the UAE Minister of State for Foreign Trade, emphasized the need for action over dialogue. “We are currently working on transforming discussions into joint projects and projects into tangible measures,” Al-Zeyoudi stated, noting that the UAE views the private sector as a cornerstone for building sustainable economic partnerships.
The push for investment comes as Syria seeks to attract foreign capital to rebuild its economy and infrastructure, which were devastated by a decade of conflict that ended with the overthrow of the Assad family regime. This transition highlights a strategic effort by Damascus to reintegrate into the regional economy through reconstruction and the revitalization of key sectors.
Adding significant weight to these efforts, a new investment fund valued at $18 billion has been revealed by Mohamed Alabbar, signaling a massive potential influx of capital into the Syrian market.
The diplomatic engagement extends beyond trade. In a separate meeting, Al-Shar’ received Minister Al-Zeyoudi to discuss partnership opportunities aimed at supporting Syria’s broader economic recovery.
the two countries are exploring ways to unify efforts in issuing modern religious rulings (fatwas). This initiative is intended to keep religious guidance in step with contemporary times and strengthen social cohesion across society.
This multifaceted approach—combining massive financial investment, infrastructure development, and social alignment—underscores a comprehensive strategy to stabilize and modernize the Syrian state through Emirati partnership.
