US President Donald Trump’s decision to remove
Syria from the list of State Sponsors of Terrorism, announced
July 8, marks a significant political and economic development. The
move is expected to gradually reintegrate Syria into the global
economy and support a new phase of recovery and reconstruction after
years of sanctions and international isolation.
Two members of the Syrian American Council (SAC) said the decision represents more than a political gesture, describing it as a fundamental shift in US policy toward Syria. They said it could facilitate the country’s return to international financial institutions, restore investor confidence, and create opportunities for development projects across multiple sectors.
Removing Legal Barriers to Investment
Muhammad Alaa Ghanem, senior political adviser to the SAC, told SANA removing Syria from the State Sponsors of Terrorism list eliminates the primary legal barriers which prevented American and international companies from investing in the Syrian market. He said the decision opens the door to substantial investment opportunities without the previous legal restrictions.
Ghanem said Syria has become “a normal member of the international community,” while noting businesses will still need time to gain confidence in the country’s stability and business climate before making major investments.
He explained the
decision requires no additional action by the US administration
because the necessary legal procedures have already been completed.
The measure is expected to take effect after the 45-day congressional
review period expires.
Once implemented, Syria will be
able to conduct transactions with international banks and financial
institutions without the legal obstacles previously limiting such
activity, making it easier to finance large-scale reconstruction and
investment projects. Ghanem added the next stage should focus on
strengthening Syria’s legal and investment framework while
improving competitiveness and attracting international capital.
Growth Opportunities Across Key Sectors
Dr. Ihab Harraqa, vice president of the SAC, described the decision as a milestone for Syrian entrepreneurs abroad, particularly those working in investment and health care. He said it removes long-standing obstacles that prevented them from launching projects inside Syria.
Harraqa identified health care, energy, infrastructure, education, and technology as sectors with strong growth potential. He said Syria’s skilled workforce and significant domestic demand could make the country an attractive destination for international investment.
Healthcare Projects and Reconstruction Plans
According to Harraqa removing restrictions will improve banking transfers, expand access to project financing, and enable greater cooperation with international companies while easing the import of advanced equipment and technology. He said these changes should strengthen investor confidence, reduce costs, and support larger, more sustainable projects.
He also announced plans to invest in Syria’s health care sector through projects including Syrian American virtual clinics, an advanced medical imaging center, and a specialized cancer treatment center. He said the easing of sanctions makes these initiatives more achievable and would improve access to advanced medical services within Syria.
The announcement follows a meeting between President Ahmad al-Sharaa and US President Donald Trump on the sidelines of the NATO summit in Ankara. During the meeting, Trump said he had notified Congress of his decision to revoke Syria’s designation as a State Sponsor of Terrorism. Under US law, Congress will conduct a 45-day review before the decision takes effect.