A powerful investment fund has been set up in Syria using assets belonging to Assad's allies — FT - UA.NEWS
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- Arabic title
- تم تأسيس صندوق استثماري قوي في سوريا باستخدام أصول تابعة لحلفاء الأسد — فاينانشال تايمز - UA.NEWS
- English title
- A powerful investment fund has been set up in Syria using assets belonging to Assad's allies — FT - UA.NEWS
- Published
- UTC
- Topic
- Economy, Politics, Reconstruction
From the text
Syria's new government has established a sovereign wealth fund to help the country rebuild its economy and attract foreign investment. They were able to quickly fill it by confiscating the property and assets of individuals who had grown wealthy through their close ties to Bashar al-Assad during his years in power. As a result, the fund has become so large and influential that it now plays a leading role in the country’s economy. One of the people working with the fund told the publication: “What does the state represent today? It’s the ministries and the fund.” Taer Laham, executive director …source ↗