Friday, November 23, 2012

Over $60 billion needed to rebuild Syria, an opportunity for UAE and Lebanese companies

Syrian opposition groups say they will raise over $60 billion to rebuild Syria. According to Bloomberg, the U.A.E., is already saying it  is willing to help Syria rebuild when the conflict ends,. According to the  article, U.A.E. companies, including Mubadala Development Co., Abu Dhabi National Energy Co. (TAQA), Masdar and DP World are interested in investing in postwar Syria.Drydocks World LLC, a Dubai-based operator of bulk carriers, cargo vessels and ship-repair services, is also interested in working in the country after the end of the war. Syrian businessmen  announced that they had  committed to investing $5 billion in postwar rehabilitation,. Lebanese companies, are ideally positioned to participate to the  postwar rebuilding effort, due to the country’s geographic proximity , close economic and family ties between the countries as well as the presence of the Lebanese banks  on the Syrian market.

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