With the fall of Bashar al-Assad’s regime, former economic refugees in Syria look towards a new era of recovery and growth.
Trump's Promise Propels Hope for Syrian Business Revival
Trump's Promise Propels Hope for Syrian Business Revival
Business owners in Syria are optimistic after sanctions may be lifted, signaling a potential economic rebound post-civil war.
Former business owner Rasin Katta, who fled Syria during the civil war, has received an unexpected ray of hope following President Trump's announcement of plans to lift sanctions on Syria. This decision emerged during Trump's visit to Saudi Arabia and was welcomed by many who had anticipated a swift economic revival following Assad's ousting. Katta, who once operated in the medical and pharmaceutical sectors, had initially faced disappointment when sanctions remained despite Assad's regime's downfall. However, after hearing Trump’s new stance, Katta is eager to reestablish his business operations.
Sanctions against Syria have a long history, with roots dating back to the 1970s due to its designation as a state sponsor of terrorism. They were notably intensified in response to the brutal repression seen during the anti-government uprising that started in 2011. Amid the devastation of civil war, which has severely impacted the economy and driven many business owners abroad, hope for renewal now hangs in the air like a breath of fresh air for entrepreneurs like Katta, who dream of revitalizing Syria’s tainted economy.
This renewed optimism encapsulates the aspirations of many for a brighter economic future in Syria, contingent upon the lifting of long-standing restrictions.
Sanctions against Syria have a long history, with roots dating back to the 1970s due to its designation as a state sponsor of terrorism. They were notably intensified in response to the brutal repression seen during the anti-government uprising that started in 2011. Amid the devastation of civil war, which has severely impacted the economy and driven many business owners abroad, hope for renewal now hangs in the air like a breath of fresh air for entrepreneurs like Katta, who dream of revitalizing Syria’s tainted economy.
This renewed optimism encapsulates the aspirations of many for a brighter economic future in Syria, contingent upon the lifting of long-standing restrictions.
