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Syria Embraces Market Economy and Prepares for Airport Reopening

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Syria is transitioning to a market economy, welcoming investments for reconstruction, while preparing to reopen Damascus International Airport.


Syria Shifts Towards Market Economy Amid Reconstruction Efforts

Syria is undergoing a significant transformation as it moves towards adopting a market economy system, marking a departure from decades of state control. Senior businessmen in Syria have expressed optimism about this shift, which is seen as crucial for attracting investments necessary for the country's reconstruction after years of conflict. Basil al-Hamwi, head of the Damascus Chamber of Commerce, confirmed that the new government is committed to integrating Syria into the global economy, a change that could potentially revitalize the war-torn nation.

The announcement comes on the heels of a meeting between al-Hamwi and a government delegation led by the Minister of Economy and Resources, Basil Abdul Aziz. This meeting has sparked renewed hope among traders and business owners, who have long awaited a more open economic environment conducive to growth and investment. The recent increase in activity at the Al-Hamidiyah Market in Damascus reflects this optimism, with reports of bustling crowds and a noticeable absence of the security patrols that previously hindered trade.

Rehabilitation of Damascus International Airport

In tandem with economic reforms, the Damascus International Airport is set to resume operations soon. Anis Falouh, the airport's director, announced that teams are working tirelessly to rehabilitate the facility for international navigation. The airport has been closed since the fall of Bashar al-Assad's regime, and its reopening is viewed as a vital step towards re-establishing Syria's connectivity with the world. Samer Radi, the aircraft maintenance manager, noted that Syrian Airlines currently operates a fleet of 12 aircraft, which includes 8 Airbus A320s, ready to facilitate air travel once the airport is operational again.

As Syria embarks on this new chapter, the focus remains on rebuilding the economy and restoring normalcy in daily life for its citizens.

Clam Reports
Refs: | Aljazeera |

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