Dubai: Syrian President Ahmad al-Sharaa announced on Tuesday that Syria is experiencing a rebirth following the lifting of sanctions, which he claims has paved the way for economic recovery, foreign investment, and a stronger regional presence.
According to Anadolu Agency, Sharaa made these remarks at the Arab Media Summit 2026 in Dubai, highlighting the extensive sanctions regime Syria faced, some of which dated back to 1979. These restrictions had left generations unfamiliar with international financial transactions and banking guarantees. Mediation efforts by Arab and regional leaders, alongside Turkish President Recep Tayyip Erdogan's contact with US President Donald Trump, were credited with facilitating the 'historic decision' to lift the sanctions.
Sharaa emphasized, "I believe Syria was born again after the sanctions were lifted and the road ahead was opened. In other words, the restrictions were broken." He stressed the importance of adopting appropriate policies and making sound decisions moving forward.
Sharaa outlined Syria's transition from a socialist economic model characterized by bureaucracy and corruption to a more liberal economy that supports the private sector. He acknowledged the initial challenges this shift might present but remained optimistic about the potential for growth. He detailed that Syria's economy, which was valued at around $60 billion in 2010, fell to approximately $20 billion by 2024. However, it rebounded to $32 billion in 2025 and is projected to reach $50 billion this year, with hopes of returning to its 2010 level by 2027. Future programs aim to elevate the economy to around $200 billion within the next five to ten years, contingent on stable international conditions.
Investors from the UAE, Saudi Arabia, Qatar, and Kuwait are already moving into Syria, with several agreements signed and projects underway. Notable investments include those by Emirati businessman Mohamed Alabbar and DP World's venture in the Port of Tartus on Syria's Mediterranean coast. Sharaa also highlighted Syria's strategic geographical position as a vital component of alternative trade, energy, and supply routes connecting the East and West.
Stressing Syria's independence in decision-making, Sharaa affirmed that Damascus does not intend to align itself with any external power, emphasizing Syria's focus on its own interests while benefiting from successful Arab experiences in economic and institutional development.
Sharaa recounted the decision-making process during the operation to capture Damascus as evidence of Syria's autonomy. He noted that when former President Bashar al-Assad fled to Russia in December 2024, it marked the end of the Baath Party's long-standing rule. A transitional administration led by Sharaa was established in January 2025.
He cautioned that Syria's recovery could be jeopardized by expanding conflicts and instability in the Middle East. Damascus is collaborating with Arab nations to alleviate the impact of regional conflicts and mitigate future risks, recognizing Syria's pivotal role in ensuring regional stability.
In rebuilding state institutions and public trust, Sharaa emphasized the significance of societal assets and the government's commitment to serving Syrians by working tirelessly. He also underscored the media's role as a public trust, urging journalists to prioritize credibility and reliable information over politicization.
The Arab Media Summit 2026, held at the Dubai World Trade Centre, convened media leaders, policymakers, and industry figures to discuss developments and challenges shaping the Arab media landscape, with Sharaa participating as a keynote speaker.