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The
stock exchange had closed during the chaotic days leading up to
the ouster of former President Bashar Assad in a lightning rebel
offensive.
Syrian Finance Minister Mohammed Yisr Barnieh, who attended the
reopening, said that it signals that the country's economy is
beginning to recover and that the stock exchange “will operate
as a private company and serve as a genuine hub for Syria’s
economic development, with a strong focus on digital,” state-run
news agency SANA reported.
He said the country's new leaders plan to "facilitate business
operations and open doors to promising investment
opportunities.”
The move to reopen comes as international restrictions on
Syria’s financial systems begin to ease. The United States and
Europe both last month announced the lifting of a wide raft of
sanctions that had been slapped on Syria under the Assad
dynasty’s rule.
Last week, Syria inked a power deal worth $7 billion with a
consortium of Qatari, Turkish and U.S. companies for development
of a 5,000-megawatt energy project to revitalize much of Syria’s
war-battered electricity grid.
The consortium led by Qatar’s UCC Concession Investments — along
with Power International USA and Turkey’s Kalyon GES Enerji
Yatirimlari, Cengiz Enerji — will develop four combined-cycle
gas turbines with a total generating capacity estimated at
approximately 4,000 megawatts and a 1,000-megawatt solar power
plant.
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