{"id":106361,"date":"2025-08-08T00:00:00","date_gmt":"2025-08-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uaes-national-investment-corporation-to-develop-usd-2-bn-damascus-metro\/"},"modified":"2025-08-08T00:00:00","modified_gmt":"2025-08-08T00:00:00","slug":"uaes-national-investment-corporation-to-develop-usd-2-bn-damascus-metro","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/08\/08\/uaes-national-investment-corporation-to-develop-usd-2-bn-damascus-metro\/","title":{"rendered":"UAE\u2019s National Investment Corporation to develop USD 2 bn Damascus Metro"},"content":{"rendered":"

UAE backs Syria\u2019s new Damascus Metro project:<\/strong> Abu Dhabi developer and investor the National Inv<\/a>estment Corporation<\/a> inked a USD 2 bn agreement with Syria\u2019s Transportation Ministry to develop a new metro system in Damascus, the Washington Post<\/a> and Reuters<\/a> report, citing Syrian news agency Sana<\/a>. The new metro network is slated to have a carrying capacity of 750k passengers per day. No timeline was disclosed for the project. <\/p>\n

IN CONTEXT-<\/strong> Syria inked nearly USD 14 bn worth in agreements with international companies for 12 infrastructure projects<\/strong>, Syrian investment authority head Talal Al Halili said<\/a> this week. Among those are a USD 4 bn expansion of Damascus International Airport, for which it tapped Qatar-based UCC Holdings, as well as another USD 2 bn project for the construction of 60 residential tower blocks \u2014 with some 20k housing units \u2014 in the works with an Italian firm.<\/p>\n

Not the UAE\u2019s first venture into Syria:<\/strong> State-owned logistics giant DP World inked a 30-year concession agreement with Syria's General Authority for Land and Sea Ports (GALSP) to develop and operate Tartous Port in Syria last month<\/a>. Under the agreement, DP World will invest USD 800 mn over the concession\u2019s duration to boost the port\u2019s infrastructure in a bid to facilitate trade across Europe, the Middle East, and North Africa.<\/p>\n

Why the sudden interest? <\/strong>The agreement came shortly after US President Donald Trump lifted long-standing sanctions<\/a> in place against Syria during the first leg of his regional tour in Riyadh in May. The move brings in much-needed investments to the country, helping restore its infrastructure and revive its economy. Saudi Arabia has also been pitching in, with USD 6.4 bn in agreements inked last month<\/a> for the reconstruction of infrastructure in the country. <\/p>\n","protected":false},"excerpt":{"rendered":"

The new metro network is slated to have a carrying capacity of 750k passengers per day<\/p>\n","protected":false},"author":1,"featured_media":106362,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[7,1342,25,1367],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-106361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-uae","tag-investment","tag-investment-watch","tag-transport","wpautop","entry"],"acf":{"mongo_id":"593ed726-8480-4acd-83aa-e0ac161ed508","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/1042.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE\u2019s National Investment Corporation to develop USD 2 bn Damascus Metro","related_issue":[106354],"teaser":"The new metro network is slated to have a carrying capacity of 750k passengers per day","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.166a1b1c-df4f-4c75-938e-7a626b5deb5c.mp3"},"yoast_head":"\nUAE\u2019s National Investment Corporation to develop USD 2 bn Damascus Metro - 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