Syrian Turkish Economic Talks in Damascus to Boost Investment and Reconstruction

Eng. Muhammad Ayman Al-Mawlawi, Secretary-General of the Federation of Syrian Chambers of Industry and Chairman of the Damascus and Rural Damascus Chamber of Industry, received the private sector delegation of the Turkish-Syrian Business Council (Turkish side) and the Foreign Economic Relations Board of Turkey (DEIK), headed by the Council's CEO, Mr. Mahsum Altunkaya. The meeting was also attended by representatives from the Syrian Ministry of Foreign Affairs and Expatriates – Turkey Affairs Office, Mr. Ahmad Touma, Mr. Abdul Azim Al-Maghribil, and Ms. Inas Al-Najjar, alongside the Director of the Federation of Syrian Chambers of Industry, Khaldoun Daddo.

The Turkish delegation comprised 29 members representing elite Turkish companies across various sectors, including industry, defense, food, agriculture, construction, pharmaceuticals, engineering, chemicals, exhibitions, and consultancy services, particularly in Enterprise Resource Planning (ERP) and smart digital transformation in industry.

Mr. Mahsum highlighted the significance of cooperation between both sides, the current priorities of the Syrian economy, and ways for the Turkish side to participate in investment and build robust partnerships in Syria. He noted that these efforts would contribute to establishing strong companies that support the recovery and revival of the Syrian economy. Furthermore, he emphasized the importance of joint committees between the two nations and their role in launching initiatives to solidify mutually beneficial economic relations and transfer Turkish knowledge and expertise to Syria.

In turn, Eng. Muhammad Ayman Al-Mawlawi welcomed the delegation and expressed full readiness to arrange B2B meetings for interested Turkish companies with their Syrian counterparts to forge mutually beneficial partnerships. He emphasized that all industries related to reconstruction, building, energy, and waste management are highly promising sectors in Syria. He also pointed out Syria's need for investment in the tourism sector—a field where Turkey excels—as well as the desire to benefit from Turkish expertise in local administration.

Ms. Inas Al-Najjar noted that a new investment law has been enacted in Syria, offering significant incentives and attractive facilities for investors. She also explained that the Syrian Ministry of Foreign Affairs and Expatriates has established the International Cooperation Directorate to streamline international collaboration and enhance private investment coordination.

Mr. Abdul Azim Al-Maghribil from the Turkey Affairs Directorate at the Syrian Ministry of Foreign Affairs stressed the importance of mutual visits between the Turkish and Syrian sides as a primary path to improving economic relations, given the vast investment opportunities available in Syria across all sectors and its strategic position as a gateway to all Arab countries.

At the conclusion of the meeting, both sides agreed to maintain continuous communication and coordination, and to hold specialized follow-up meetings to lay the groundwork for actual projects in the coming period. Additionally, the head of the Turkish delegation, Mr. Mahsum, presented a commemorative plaque to Eng. Muhammad Ayman Al-Mawlawi

 

4/11/2026