The lifting of American sanctions on Syria is a political and economic drama. This step has the potential to lead to the long-term reconstruction of Syria, thanks to the great interest in it from the "Sunni axis" and with an emphasis on the Gulf states and Turkey.Β
Europe also has an interest in it, in the hope that migrants from Syria will return to their homeland if it is reconstructed.
However, it is necessary to make a reservation and say: sanctions were also lifted from Sudan as part of the Abraham Accords, but this did not prevent the continuation of internal wars and the crushing of the economy. Also, in a country like Syria, there is a fear that the enormous funds that will flow into it will suffer from corruption or will end up being used for criminal and terrorist purposes, which will lead to the exclusion of investors.
Syria's reconstruction needs are enormous and begin with infrastructure such as transportation, energy and water. According to estimates, the necessary costs are estimated at at least $500 billion, so the reconstruction process will take years.
For investors to put their money into rebuilding Syria, it will need to stabilize politically and militarily, and then it will also be able to offer opportunities in the development of gas and oil fields, housing, industry (textiles, chemicals), and agriculture. If the reconstruction process in Syria gains momentum, it is expected to have a positive impact on the countries of the region, with an emphasis on Syria's neighbors.