Syrian Arab Republic Signs Landmark $7 Billion Energy Investment Agreement with Global Consortium

Damascus – Thursday, July 6, 2025

  In a pivotal move to revitalize its national infrastructure, the Syrian Arab Republic has signed a Memorandum of Understanding (MoU) with an international consortium led by Qatar’s UCC Concession Investments Group. Valued at $7 billion, this agreement marks the most substantial foreign investment in the history of Syria’s electricity sector.

The consortium unites globally recognized firms from Turkey, the United States, and Europe, combining decades of specialized experience in large-scale energy infrastructure and strategic project delivery. Key contributors include Turkey’s Kalyon Enerji  and Cengiz Enerji alongside several American and European partners known for their technical excellence and proven track records in power generation projects.

This comprehensive initiative aims to dramatically expand Syria’s national power generation capacity while undertaking a full modernization of the country's electrical grid.

By addressing core challenges in the energy sector, the project is set to provide a transformative upgrade to Syria’s electricity infrastructure, paving the way for sustainable growth and long-term economic resilience.

This agreement reflects the Syrian government’s ongoing commitment to attracting high-impact international investment, fostering strategic alliances, and accelerating the reconstruction of critical infrastructure in support of national development objectives.