The UK Department for Business and Trade has highlighted Syria as a potential investment destination despite ongoing challenges. The report commended the Syrian government’s efforts to stabilize the economy and implement key reforms under difficult conditions.
Syria is classified as a lower-middle-income country, with growing business opportunities. The UK Department noted that British companies have distinct advantages in the market, where British goods and services are well-regarded. The return of many Syrians to their homeland is also contributing to the economic recovery.
Improved Trade Exchange
The report revealed a significant improvement in trade between Syria and the UK, reaching £6 million by the end of Q1 2025, reflecting a positive shift in the trade relationship.
Sectors with Growth Potential
The UK Department identified key sectors in Syria with strong growth potential, particularly in reconstruction and infrastructure. With the economy still reliant on oil, there is a high demand for rebuilding in areas like water, housing, telecommunications, and energy networks. Additionally, there is an increasing need for cybersecurity and physical security services.
Syria’s healthcare sector faces shortages in medical facilities, equipment, and pharmaceuticals, offering opportunities for investment in hospitals, medical supplies, and training. The financial sector also requires significant reforms, creating space for British companies to offer consulting, banking services, and financial planning.
A Market for Medium and Large Enterprises
The report concluded that Syria’s market is suitable for medium and large companies, particularly those with experience in the MENA region, with options for joint ventures, branches, or partnerships with local firms.
