OREANDA-NEWS To attract foreign investment to the country and restore the economy, the Syrian authorities created a special investment fund, which was replenished by confiscating assets and funds from the family and associates of former President Bashar al-Assad, who is in Russia. This is reported by the Financial Times.

There were so many funds that the fund plays a leading role in the economy of the republic. According to the source of the publication, who conducts business with the structure, the state today consists of ministries and a foundation.

The managing director of the Syrian Business Council, Taer Laham, explained that the structure, created in 2025 on the instructions of President Ahmed al-Sharaa, has become the most influential and richest organization in the country. The Ministry of Finance estimates the size of the fund at $ 50 billion, but the structure of assets and investments, as well as the identity of the director, have not been disclosed.

The sources of the publication claim that the foundation reports directly to al-Sharaa, but it is headed by the Minister of Tourism, and the director is a citizen of Lebanon and Australia, Ibrahim Sukkariyeh. The current head of Syria intends to attract investments from the Persian Gulf countries with the help of the organization.

In December 2024, the first deputy chairman of the State Duma Committee on International Affairs, Alexei Chepa, explained that Moscow had granted political asylum to Bashar al-Assad due to the fact that Russian President Vladimir Putin always protects his friends and acquaintances. "This is the principle of Russia — "we don't abandon our own people," and our president acts on this principle. We can be proud of this," he stressed.