Syria’s new government under President Ahmed al-Sharaa is seeking to capitalize on improved diplomatic conditions to attract foreign investment. Last week, Damascus signed 12 agreements worth $14bn, including a $4bn airport project with Qatar’s UCC Holding and a $2bn subway system with the UAE’s national investment corporation. Additional deals include the $2bn Damascus Towers residential complex with Italy’s UBAKO, the $500m Baramkeh Towers, and the $60m Baramkeh Mall.

These projects follow Saudi Arabia’s pledge last month to invest $3bn in Syrian real estate and infrastructure, and a $7bn energy sector agreement signed in May with a consortium of Qatari, Turkish, and U.S. companies. Syrian officials describe the wave of contracts as a “turning point” for the country’s economic recovery, which the UN estimates will require over $400bn in total reconstruction costs.

Regional And Political Context

The meeting in Jordan comes as Damascus faces internal security challenges, including ongoing clashes between Bedouin and Druze groups in Suwayda province and continued Israeli strikes on Syrian military targets. For Amman, facilitating reconstruction talks is part of a broader strategy to stabilize the region and expand its role as a diplomatic mediator.

Jordanian officials say the discussions will address not only investment flows but also the legal and regulatory frameworks needed to safeguard foreign projects in Syria. Observers note that the U.S. participation signals a cautious but notable shift in Washington’s engagement with Syria’s post-war rebuilding efforts.