Syrian President Ahmad al-Sharaa discussed on Sunday evening a draft amendment to the country's investment law with a number of ministers and heads of relevant economic bodies. This comes as part of the government's efforts to enhance the business environment and drive economic recovery after years of stagnation resulting from the era of ousted President Bashar al-Assad.
The official Syrian Arab News Agency (SANA) reported that the meeting discussed ways to redraft the investment law and its amendments to keep pace with the requirements of the next phase and the broad economic openness Syria is experiencing. The agency did not specify the nature of the proposed amendments or a date for their adoption.
This move comes at a time when Syria hopes to attract local and international investments to help rebuild the national economy, especially in light of recent international statements indicating a move toward easing Western sanctions imposed during the era of the former regime.
The investment law is one of the most prominent issues the new government is betting on to build an attractive and secure economic climate that will compensate for the years of significant losses suffered by the productive, service, and infrastructure sectors.
During his visit to Saudi Arabia last Tuesday as part of a Gulf tour, US President Donald Trump announced that he would issue orders to lift sanctions on Syria.
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