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Rebuilding Syria after more than a decade of civil war is expected to cost about $216 billion world bank said an assessment published on Tuesday. The cost is approximately ten times Syria’s 2024 GDP.
The Syrian civil war began in 2011 when mass protests broke out against the government of then-President bashar asad They were subjected to brutal action and turned into armed conflict. Assad was ousted in a rebel attack in December.
The conflict destroyed large parts of the country and damaged critical infrastructure, including its electrical grid.
The World Bank says reconstruction could cost between $140 billion and $345 billion, but their “conservative best estimate” is $216 billion.
The World Bank estimates that rebuilding the infrastructure will cost $82 billion. It estimated the cost of damage at $75 billion for residential buildings and $59 billion for non-residential structures.
province of aleppo and this damascus According to the assessment, the rural areas where fierce fighting took place will require the most investment.
“The challenges ahead are enormous, but the World Bank stands ready to work with the Syrian people and the international community to support recovery and reconstruction,” Jean-Christophe Carette, World Bank Middle East director, said in a statement.
Despite re-establishing diplomatic ties with the West after Assad was ousted from power and signing billions of dollars of investment deals with Gulf countries, the country is still struggling economically.
While the United States and Europe have lifted many of the sanctions imposed during the Assad dynasty’s rule, their impact on the ground has so far been limited.
Cuts in international aid have worsened living conditions for many people. The United Nations estimates that 90% of Syria’s population lives in poverty.