Economy
Syria's economic revival hinges on defeating Daesh for good
After decades of sanctions, the door to reconstruction is open, but lasting prosperity depends on Syrians finishing the fight against Daesh.
![An aerial view shows the Central Bank building in Damascus on December 9, 2024. Sustained security is essential for Syria's economic recovery, as stability enables banking operations, investment inflows and reconstruction efforts to function effectively. [Aaref Watad/AFP]](/gc1/images/2026/07/09/56886-central_bank_of_syria-600_384.webp)
By Al-Fassel |
Syria stands at a historic crossroads 18 months after the fall of Bashar al-Assad's brutal regime in December 2024.
Sanctions that had suppressed the Syrian economy for over a decade have been systematically dismantled.
This moment offers Syrians a rare chance to rebuild a nation that suffered from war, corruption and foreign interference.
But that opportunity can only be realized if Syrians unite to permanently uproot Daesh and its remaining networks.
Economic prosperity and security are inseparable, two sides of the same coin that Syria cannot have one without the other.
Sanctions relief opens the door to recovery
The European Union lifted all economic sanctions on Syria in May 2025, and the United States revoked its comprehensive embargo the following month.
US Congress then repealed the Caesar Act in December 2025, removing the last major legal barrier to foreign investment.
These decisions matter enormously for ordinary Syrians who endured over a decade of economic isolation.
Finance Minister Mohamed Yisr Barnieh said Syria expects economic growth to nearly double to close to 10 percent this year.
"There's momentum now; we are entering 2026 with a lot of optimism," he said, according to Bloomberg.
Investors have already committed $28 billion, with $14 billion in agreements signed at a single ceremony in Damascus in August 2025.
Still, the World Bank estimates reconstruction will cost $216 billion, a figure that dwarfs current investment.
Rebuilding roads, hospitals and factories will take years of sustained effort and steady governance.
Daesh thrives on chaos, not stability
Terrorist groups like Daesh do not want Syria and the Syrian people to succeed economically.
Prosperity threatens their entire evil model, which depends on desperation, fear and broken institutions.
A stable, growing economy gives young Syrians jobs, hope and reasons to reject extremist recruitment.
Syrians must now reject any return of terrorist groups or extremist affiliates seeking a foothold.
Every Syrian has a role in protecting this recovery by reporting suspicious activity, supporting local security forces and rejecting extremist propaganda.
Communities that expose Daesh sympathizers make it harder for the group to rebuild underground networks.
The reward for vigilance is tangible: functioning banks, rebuilt neighborhoods and a return of investment and economic activity across the country.
Syria's future prosperity depends on choices Syrians make today, not promises made by outsiders.
If Syrians want a genuine economic boom, they must finish the job of rooting out Daesh and its supporters completely.