The Qatari Businessmen Association (QBA) held a meeting with a delegation from Syria as a follow-up to QBA’s meeting with Syrian President Ahmed al-Sharaa, who was in Qatar for the recently concluded Doha Forum 2025.
The delegation was headed by Dr Hazem al-Sharaa, vice-president of the Syrian Supreme Council for Economic Development. He was accompanied by Talal al-Hilali, director general of Syria’s Investment Authority, and Safwat Raslan, director general of the Syrian Development Fund.
Sunday’s meeting comes as a continuation of QBA’s meeting last week with President al-Sharaa, aimed at discussing potential investment opportunities in Syria, even as a number of QBA members have already launched concrete economic projects there in the fields of energy, electricity, and real estate.
The Syrian delegation was received by QBA chairman His Excellency Sheikh Faisal bin Qassim al-Thani, in the presence of board member Sheikh Nawaf bin Nasser al-Thani, and QBA members Sheikh Mansour bin Jassim al-Thani, Khaled al-Mannai, Mohammed Moataz al-Khayyat, Ramez al-Khayyat, Nabil Abu Issa, Faisal al-Mana, Yousuf al-Mahmoud, and Ihsan al-Khaimi, as well as representatives of Abdulrahman Al Mana Companies, Sheikh Mohammed bin Hamad al-Thani, Mekdam Holding Group, and other member companies, in addition to QBA general manager Sarah Abdallah.
At the beginning of the meeting, Dr Hazem al-Sharaa stated that Qatar was among the first countries to invest in Syria, following the directives of His Highness the Amir Sheikh Tamim bin Hamad al-Thani and the Qatari Government, to place Syria on the international investment map by strengthening international relations and attracting major companies to participate in the reconstruction of Syria.
Al-Sharaa noted that the Supreme Council for Economic Development aims to achieve economic stability in the country, revitalise and develop the economy, and establish a comprehensive economic map covering the entire Syrian geography.
He said this will be achieved through full supervision of several economic authorities, organisations, and institutions operating within the framework of the state’s economic plan. He also confirmed that Syria will launch a completely new currency in the market at the beginning of the new year, in line with the requirements of the current phase.
The council, chaired by the President of the Republic, is responsible for approving general strategies and plans related to investment. Its membership includes the ministers of economy and industry, energy, finance, tourism, communications and information technology, public works and housing, and agriculture, in addition to the head of the General Authority for Land and Sea Ports, among others. Several economic entities are affiliated with the council, most notably the Syrian Investment Authority, the Sovereign Fund, and the Development Fund.
During the meeting, al-Sharaa focused on current economic projects in Syria that contribute to reconstruction and the development of infrastructure and vital sectors, with particular emphasis on energy, transport, tourism, real estate, health, education, and key industrial sectors such as pharmaceuticals and construction materials.
He also praised the significant investments by Qatari and Saudi companies in the development of power generation stations, as well as the signing of memoranda of understanding to modernise the electricity sector in general. This is in addition to the development of Damascus International Airport and the Damascus Metro project, in cooperation with Qatari and Turkish companies.
For his part, al-Hilali spoke about the development of the legislative framework to attract and guarantee direct investments through the adoption of the best international laws, allowing foreign investors to own 100% of their projects.
He explained that, in this new phase, the state has adopted measures to fully exempt investors from taxes in the health sector and agricultural projects related to food security, in addition to full tax exemptions for factories that export more than 50% of their production.
Meanwhile, Sheikh Faisal stated that Syria represents an investment bank of projects and golden opportunities for investors. He stressed the need to develop joint Qatari–Syrian projects through the establishment of institutions specialised across various sectors, such as industrial, health, tourism, and real estate, among others, given that the state’s objective is to create job opportunities and stimulate economic growth. He emphasised that the private sector in both countries can play a prominent role in this direction.
Qatari businessmen affirmed that Syria is currently witnessing a major economic transformation across various sectors, noting that most of them have already begun working on productive projects in Syria. They also announced that a delegation of Qatari businessmen will visit Syria at the invitation of the Supreme Council for Development, following an official invitation from President al-Sharaa to Damascus to explore investment opportunities.
