On navigating an economic reawakening and emerging potential
What makes this period an especially important moment for economic and social development?
MOHAMED HAYKAL: As Syria emerges from a long period of dictatorship and lawlessness to rejoin the free world, it is undergoing a profound transformation. I have returned many times since what most Syrians refer to as the liberation. During these visits, I have had the opportunity to meet with people and officials, and to witness firsthand the determination of both locals and expatriates to move forward, alongside the new leadership’s commitment to rebuilding institutions, embracing a liberal market economy and reintegrating Syria into the global community. While challenges remain, this represents the first real opportunity in decades for Syrians to build a state grounded in justice, equal citizenship and sustainable growth.
Reconstruction is about reshaping the economy and society, and opportunities are emerging in infrastructure, energy, logistics, agriculture, technology and services. Syria’s location holds the potential to become a force for positive change, enabling it to play a role in promoting stability, cooperation and economic integration across the region. Investors and partners who engage early will have the opportunity to help shape a new market with strong long-term growth potential.
Where do you see the biggest drivers of long-term growth in the country?
HAYKAL: Human capital is Syria’s greatest asset. The country has a highly educated and entrepreneurial population, both within its borders and across its global diaspora. Combined with its strategic geographic position as a bridge between the Mediterranean, the Gulf and Asia, this creates enormous potential. Long-term growth will be driven by infrastructure renewal, energy diversification, technology adoption and deeper regional integration – provided that sanctions are fully lifted to truly allow these opportunities to materialise.
The most encouraging trend is the optimism of Syrians themselves. People are determined to move forward. We see new partnerships emerging with international players, as well as initiatives in renewable energy and digital transformation. There is also a strong commitment from the new administration to build an open, rules-based economy with a clear vision of anchoring Syria within the international community. Together these developments create significant opportunities for local businesses to grow and thrive.
How is the private sector contributing to building a stronger, more sustainable economy?
HAYKAL: The private sector is leading the way. Syrian businesses are not waiting for perfect conditions; they are investing, hiring and innovating despite the challenges. The sector is also advocating for reforms, pressing for better governance and seeking international cooperation. Expatriate entrepreneurs and investors are returning to contribute their expertise and resources. Together this is laying the foundation for a more dynamic, diversified and sustainable economy. It is also important to note the role of business and investment in bringing people together and creating incentives for social peace and reconciliation.
In what ways can foreign investors support economic growth in the new Syria?
HAYKAL: The country is undergoing a profound transformation – one that cannot be easily rushed or reduced to standard models. The road ahead is gradual and requires the careful dismantling of the old regime’s legacy, along with a firm commitment to rebuilding institutions from the ground up. Syria is not a typical post-conflict country; it is a case of exceptional complexity but also one of exceptional opportunity. My message to investors is simple: do not wait until Syria becomes a success story to join in. Let us build that success together, building a new peace through prosperity.
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