Damascus, Syria - June 2025: Syria is undertaking major efforts to rebuild its energy infrastructure after years of civil war, which severely damaged the country's power grid.
The World Bank approved a $146 million grant in June 2025 to rehabilitate the electricity sector. This project focuses on repairing transmission lines and substations, providing technical assistance, and building institutional capacity.
In May 2025, Syria signed a $7 billion agreement with a consortium of Qatari, Turkish, and U.S. companies for major energy projects. These projects include constructing power plants and a solar energy station, aiming to significantly increase Syria's power generation capacity.
The Damascus Securities Exchange reopened in June 2025 after a six-month closure, signaling a positive step in Syria's economic recovery. Despite these investments, challenges remain in rebuilding the infrastructure.
The government is working to secure additional funding and international support to address these issues. The successful implementation of these projects is crucial for Syria's economic recovery and the well-being of its citizens.