World Bank: Syria’s Reconstruction to Cost an Estimated $216 Billion

The World Bank said in a report published Tuesday that the cost of reconstructing Syria after more than 13 years of conflict is estimated at approximately $216 billion, based on an assessment covering the period from 2011 to 2024.

The report stated that the ongoing conflict since 2011 has damaged nearly one-third of Syria’s pre-war total capital stock, noting that direct physical damage to infrastructure and both residential and non-residential buildings amounted to $108 billion, including $52 billion in infrastructure alone.

The report identified Aleppo, Rural Damascus, and Homs as the most affected provinces in terms of destruction and economic loss.

According to the World Bank, the cost of rebuilding damaged assets could range between $140 billion and $345 billion, with the central estimate of $216 billion described as “conservative.” This includes $75 billion for residential buildings, $59 billion for non-residential structures, and $82 billion for infrastructure.

Jean-Christophe Carret, the World Bank’s Regional Director for the Middle East, said:

“The challenges are immense, but the World Bank stands ready to work alongside the Syrian people and the international community to support recovery and reconstruction efforts.”

For his part, Mohammad Yasser Barnieh, Minister of Finance in the Syrian Transitional Government, commented on the report, saying its findings “provide an important basis for assessing the scale of the massive destruction and the reconstruction costs that lie ahead.”

He reaffirmed the government’s commitment to continuing financial reforms and attracting international investments.