1. Syria Secures $7 Billion Energy Investment Deal
On May 29, Syria signed a landmark $7 billion energy agreement with a consortium led by Qatar’s UCC Holding, including Turkish and U.S. companies. The deal encompasses the construction of four combined-cycle gas turbine power plants totaling 4,000 megawatts and a 1,000-megawatt solar power plant in southern Syria. This initiative aims to supply over 50% of the country’s electricity needs, marking a significant step toward rebuilding Syria’s energy infrastructure and attracting foreign investment.
2. U.S. Reopens Ambassador’s Residence in Damascus
Signaling a thaw in diplomatic relations, the United States reopened its long-shuttered ambassador’s residence in Damascus. U.S. Ambassador to Turkey and newly appointed special envoy to Syria, Tom Barrack, met with Syrian President Ahmad al-Sharaa during the visit. The reopening coincided with the signing of the aforementioned energy deal, reflecting a broader shift in U.S. policy toward engagement with Syria’s transitional government.
3. EU Lifts Economic Sanctions on Syria
On May 20, the European Union formally lifted economic sanctions on Syria, enacting a political decision announced earlier in the month. The Council removed 24 entities from its sanctions list, including the Central Bank of Syria and companies in key sectors such as oil production, refining, and telecommunications. This move aims to support Syria’s reconstruction and political transition, while maintaining sanctions related to security and human rights concerns.
4. Syrian Government Establishes Commissions for Transitional Justice
On May 17, President al-Sharaa announced the formation of two national commissions: the National Commission for the Missing and the National Commission for Transitional Justice. These bodies are tasked with investigating cases of missing persons, addressing past human rights violations, and supporting national reconciliation efforts. The establishment of these commissions is seen as a critical step toward accountability and healing in post-conflict Syria.
5. Syrian Minister Highlights Opportunities Post-Sanctions
Hind Kabawat, Syria’s Minister of Social Affairs and Labor, expressed optimism about the country’s recovery following the lifting of U.S. and EU economic sanctions. She emphasized that the move enables the implementation of long-delayed plans to combat corruption, rebuild infrastructure, and facilitate the return of millions of displaced Syrians. Kabawat also highlighted increased opportunities for women under the new leadership and called for international support in rebuilding the country’s institutions and economy.