Syria Approves National Wealth Management Initiative

Sovereign and Development Funds Established

As part of efforts to restructure the economy and combat corruption, the Syrian president issued a decree establishing a sovereign fund and another development fund. The sovereign fund aims to manage state assets and invest financial surpluses resulting from major projects, similar to models used in major countries.

The two funds aim to provide a transparent and accountable institutional framework for managing new capital, ensuring it is directed toward sustainable development projects, rather than relying on previous centralized economic models. This step is essential for building the confidence of local and international investors.