Syrian Sovereign Fund Explores Cooperation and Investment Partnerships with U.S. Economic Delegation
The Syrian Sovereign Fund met with a U.S. economic delegation visiting Damascus to explore economic and investment cooperation and potential partnerships. The meeting was part of a series organized by the Ministry of Foreign Affairs and Expatriates for the delegation with Syrian entities and institutions.
The visit marks the first official U.S. Chamber of Commerce trade and investment mission to Syria, with more than 80 participants representing around 50 U.S. companies across a range of commercial and infrastructure sectors.
The mission is led by Steve Lutes, Vice President, Middle East Affairs at the U.S. Chamber of Commerce. He is accompanied by several envoys and officials, including Jake McGee, Deputy Assistant Secretary in the Bureau of Democracy, Human Rights, and Labor at the U.S. Department of State.
Discussions addressed the Syrian economy and available investment opportunities, along with the policies and facilitation measures needed to create an enabling environment for U.S. companies to enter the Syrian market and expand cooperation with the private sector.
Yasser Al-Qahf, Director of Development and Planning at the Syrian Sovereign Fund, affirmed the Fund’s openness to partnerships with U.S. and international companies through various investment structures, including joint ventures, according to the requirements of each sector.
Al-Qahf said the meetings, attended by representatives of government entities and private companies, enabled an exchange of views and proposals on potential areas of cooperation. He noted that the U.S. Chamber delegation’s visit represents an important step toward strengthening communication and economic relations between the two countries.
He added that the Fund’s investment portfolio spans diverse sectors and companies, offering multiple opportunities to build partnerships that respond to the needs of the Syrian economy and support development.
Mohammad Mustat, Director of Public Relations at the Syrian Sovereign Fund, noted growing interest among U.S. companies in the Syrian market and its investment opportunities. He said representatives of several companies had visited Damascus to gain first-hand insight into market conditions and available opportunities, amid Syria’s increasing openness to international investment.
Mustat added that several agreements and projects remain under discussion and negotiation and will be announced at the appropriate time after the necessary procedures are completed. He emphasized that the Fund’s role includes helping create an enabling environment for investment partnerships and supporting the conversion of available opportunities into practical projects that contribute to the national economy and sustainable development.
