Rebuilding Syria after more than a decade of civil war is a huge challenge. The World Bank estimated the cost of this process at $216 billion. The amount announced on Tuesday is almost ten times the country's GDP in 2024.
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As the Associated Press reminds, the conflict in Syria began in 2011 and destroyed the country's infrastructure and plunged Syria into a humanitarian crisis. Currently, after years of war, Syria faces a huge challenge of reconstruction. The damage affected not only buildings, but also critical infrastructure, such as electrical networks.
Reconstruction requires not only huge financial resources, but also international cooperation. As much as 90 percent Syrians live in poverty, which shows the scale of the problems this country is struggling with.
Syria's reconstruction will cost 10 times the country's GDP
According to the Associated Press, the World Bank estimates that the reconstruction of infrastructure will cost $82 billion, and the repair of residential buildings – $75 billion. Costs related to non-residential buildings will amount to another 59 billion. The provinces of Aleppo and the Damascus area, where the heaviest fighting took place, require the largest investments.
“The challenges ahead are enormous, but the World Bank stands ready to work with the Syrian people and the international community to support reconstruction,” emphasized Jean-Christophe Carret, director of the World Bank for the Middle East, quoted by the Associated Press.
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Despite the overthrow of Bashar Assad and the restoration of diplomatic relations with the West, Syria still faces financial difficulties. The Persian Gulf countries have signed investment agreements worth billions of dollars, but their impact on the situation on the ground is limited. Additionally, cuts in international aid have worsened the living conditions of many Syrians.
According to the UN, as many as 90 percent Syria's population lives in poverty. Although many of the sanctions imposed during the Assad dynasty's rule have been lifted, the situation has been slow to improve. Rebuilding the country requires not only financial resources, but also a long-term strategy and support from the international community.
