Syria inks $7 billion energy deal with Qatari, Turkish, US firms

Syria signed a $7 billion energy deal on Thursday with a consortium of Qatari, Turkish and US companies as it seeks to revive the country's crippled power sector. The agreement was sealed at the presidential palace in Damascus in the presence of interim President Al-Sharaa and US ambassador Thomas Barrack. It aims to generate 5,000 megawatts.

Syrian Energy Minister Mohammad al-Bashir called it a "historic moment" and a "turning point" for the country's shattered infrastructure. The consortium is led by Qatar's UCC Concession Investments and includes Turkiye's Kalyon GES Enerji Yatirimlari and Cengiz Enerji, along with Power International USA.

The project includes four gas-powered plants in central and eastern Syria and a 1,000-megawatt solar farm in the south. Bashir said the plants would use US and European technology. UCC chief executive said the deal would create more than 50,000 direct and 250,000 indirect jobs.