Syria, International Finance Corporation discuss energy investment opportunities

Talal al-Hilali, head of the Syrian Investment Authority, met on January 19 with a delegation from the International Finance Corporation (IFC), part of the World Bank Group, to review Syria’s investment climate and explore cooperation, with a focus on strategic energy sectors.

The Damascus meeting centred on potential World Bank financial and technical support for Syria’s energy industry, as well as collaboration through public-private partnerships, particularly in infrastructure projects, Caliber.Az reports per Syrian media.

Al-Hilali detailed the functions of the Syrian Investment Authority, presenting it as the primary gateway for investors and emphasising efforts to simplify procedures and enhance the investment environment.

The IFC delegation showed strong interest in Syria’s energy sector, especially gas, electricity, and oil projects. 

The International Finance Corporation, based in Washington, is the world’s largest global development institution dedicated to private sector support in developing countries.

By Jeyhun Aghazada