The World Bank: The cost of rebuilding Syria is approximately $216 billion
The World Bank has estimated the cost of rebuilding Syria at approximately $216 billion, following more than 13 years of ongoing conflict.
In a recent report, the bank emphasized that the reconstruction process requires coordinated international cooperation to support recovery efforts.
The report stated that the comprehensive assessment of damage and reconstruction costs covers the period from 2011 to 2024.
This estimate includes approximately $82 billion for the rehabilitation of basic infrastructure such as roads, electricity, and water networks, in addition to $75 billion for housing reconstruction, and $59 billion for non-residential buildings such as schools, hospitals, and public facilities.
The World Bank noted that the success of reconstruction depends on supporting public institutions, rehabilitating vital infrastructure, and improving basic services provided to citizens.
However, it also warned that economic recovery won’t be stable unless the underlying causes of the conflict are addressed.
The report showed that Syria’s GDP declined sharply from $67.5 billion in 2011 to $21.4 billion in 2024, due to the prolonged war, economic sanctions, and declining domestic production.
It also indicated that the Syrian economy contracted by 1.5% in 2024, with a slight growth rate of 1% expected in 2025 amid ongoing security challenges, liquidity shortages, and the suspension of some foreign aid.
In a related development, the International Monetary Fund recently announced plans to develop a roadmap for developing Syria’s economic institutions, while the Fund’s spokesperson confirmed that lifting sanctions could significantly contribute to accelerating the country’s economic recovery.
Against the backdrop of these developments, the situation in Syria remains complex as a result of the conflict that began in 2011, which has caused widespread damage across all sectors and presented significant challenges in rebuilding infrastructure and economic and social life.
