He confirmed that the fund aims to “support reconstruction and finance projects through highly transparent interest-free loans.” Al-Shara stated that Syria is entering a new phase of building and self-reliance, calling on Syrians inside and outside the country to contribute to the reconstruction. He emphasized that “spending for the homeland is a national and religious duty, and the great sacrifices made by the people are a trust on everyone’s shoulders,” according to the Syrian news agency SANA.
He added that the fund “will not be a source of charity, but a national means to revive the land and build a new Syria,” pointing out that “today, Syria is testing your love and granting you the honor of contributing to healing its wounds.”
On his part, the Director General of the ‘Syrian Development Fund’, Mohamed Safwat Raslan, said that its launch “marks an unprecedented national initiative that unites the efforts of the state, civil society, the private sector, and Syrians inside and outside the country, with the aim of unifying energies and improving citizens’ lives through service and development projects that ensure transparency and provide job opportunities.”
Raslan explained that the fund, established under Decree No. 112 issued last June, is an independent economic institution linked to the Presidency and headquartered in Damascus. It aims to repair and develop infrastructure such as roads, bridges, water, electricity and communication networks, airports, and ports, in addition to financing various development projects through interest-free loans.
