International-Standard Free Zone in Damascus

A Strategic Proposal for the Establishment of an International-Standard Free Zone in Damascus, Syria

Summary of the Document:

Objective:
The proposed Free Zone in Damascus aims to support Syria’s economic transformation by attracting foreign direct investment, generating employment, and contributing to the country’s post-conflict reconstruction.

Promoters:
Syrian entrepreneurs Firas and Elie Salibi, with over 27 years of international business experience.

Benchmark Models:
Inspired by successful examples such as the Jebel Ali Free Zone (JAFZA) and Dubai Multi Commodities Centre (DMCC).

Projected Impact:

• Contribution of up to 1.5% to Syria’s GDP within 7 years

• Creation of over 60,000 direct jobs

• Establishment of 5,000+ new companies

Comprehensive Themes Covered:

• Vision and strategic goals (innovation, digital infrastructure, sustainability, employment)

• Investment plan and financial model

• Phased development roadmap (from setup to launch, growth to internationalization – over a 10-year horizon)

• Expected government support (tax exemptions, infrastructure provision, regulatory framework)

• Detailed risk analysis and mitigation strategies

• Public-private partnership (PPP) model

• Corporate governance and legal regulations

This proposal outlines a bold vision for Syria’s economic revival through the creation of a world-class Free Zone in its capital, turning challenges into opportunities with the backing of experienced Syrian leadership and a clear roadmap for growth.