TEHRAN (Iran News) – The process of reconstruction of war-ravaged Syria has already started but Damascus needs more investment in order to scale it up, according to Syrian President Bashar al-Assad. “Now, with the liberation of most areas, to open reconstruction of Syria we have started discussions with a number of Chinese companies experienced in […]
TEHRAN (Iran News) – The process of reconstruction of war-ravaged Syria has already started but Damascus needs more investment in order to scale it up, according to Syrian President Bashar al-Assad.
“Now, with the liberation of most areas, to open reconstruction of Syria we have started discussions with a number of Chinese companies experienced in rebuildings,” he said in an interview with Phoenix Television.
Assad noted that “the most important stage and the greatest challenge is the full restoration of the economic cycle”, adding, “We would hope that Chinese companies will start looking and studying the Syrian market, which is improving quickly and constantly in terms of security.”
According to the Syrian leader, it is “essential” to start discussing investment opportunities, because “it is well known that rebuilding countries destroyed partially or totally by war is very profitable and has high returns on investment”.
The process is not limited to loans or providing aid without any returns, it is “a profitable investment in every sense of the word”, he said, adding that the sides are discussing ways for Chinese firms to avoid sanctions and have access to the Syrian market.
Without reconstruction, Syrians’ living conditions could deteriorate and leave the country’s recovery indefinitely postponed, perpetuating current instability. Yet many European leaders believe reconstruction support without substantial reforms could have a similar effect.
Crisisgroup.net has contributed to the story.
- source : FNA, Iran News
