Syria’s Leader starts state fund to speed up recovery of nation
(MENAFN) Syrian leader Ahmed al-Sharaa has issued new decrees forming the Development Fund, the Sovereign Fund, and the Supreme Council for Economic Development, in a move aimed at accelerating the country’s post-war recovery, according to state media reports.
The Development Fund is intended to facilitate the rebuilding and advancement of essential infrastructure, such as roads, bridges, power and water networks, ports, airports, and communication systems, alongside other vital public services.
Meanwhile, the Sovereign Fund will focus on launching development and production initiatives, improving the use of both human and material resources, and leveraging technical expertise to stimulate economic growth through targeted and diversified investment strategies.
In addition, a separate decree confirmed the creation of the Supreme Council for Economic Development, which will oversee efforts to ensure economic stability, drive revitalization, and promote long-term sustainable development.
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