Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted

New Syrian leadership to privatize oil, cotton, ports to boost economy

  • By Al Mayadeen English
  • Source: Agencies
  • 22 Jan 2025 18:53
2 Min Read

The government is also exploring public-private partnerships to rehabilitate roads, airports, and railways.

Listen
  • x
  • Men work on a cargo ship docked at a terminal of the port of Latakia, Syria, Monday, Dec. 16, 2024. (AP Photo/Leo Correa)
    Men work on a cargo ship docked at a terminal of the port of Latakia, Syria, Monday, December 16, 2024. (AP)

In a bid to revive Syria's economy, the newly formed government has unveiled a comprehensive plan to privatize state-owned enterprises and attract both foreign and local investments.

The announcement came from Syrian Foreign Minister Asaad al-Shaibani, who provided an in-depth overview of the reforms during his first interview with international media, published in the Financial Times.

The government aims to prioritize the privatization of industries critical to Syria's economy, including oil, cotton, and furniture production.

Al-Shaibani outlined the administration's vision, which centers on creating a legal framework that will encourage foreign investors while also incentivizing Syrian expatriates to reinvest in the country.

Related News

Tensions ease in Sweida as all detainees released amid mediation

Fierce clashes breakout in Syria's Sweida, leading to displacement

He remarked, "There needs to be law and there need to be clear messages to open the way for foreign investors, and to encourage Syrian investors to return to Syria."

Read more: Syria announces 400% pay hike for public sector employees amid reforms

Acknowledging the severe deterioration of infrastructure due to years of conflict, the government is also exploring public-private partnerships to rehabilitate roads, airports, and railways.

Al-Shaibani, however, cautioned that finding buyers for these assets may prove challenging, as many are in disrepair. Nonetheless, these partnerships are seen as a crucial step toward stimulating investments in essential infrastructure.

Path to reconstruction

This economic strategy follows a dramatic shift in Syria's political landscape. On December 8, opposition forces seized Damascus, leading to the resignation of President Bashar al-Assad, who has since sought asylum in Russia.

Interim Prime Minister Mohammed al-Bashir, previously affiliated with the Idlib-based opposition administration, has since taken charge and announced that the transitional government will remain in place until March 2025.

  • Syria
  • New Syria
  • Syrian economy
  • HTS

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS