• About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Friday, March 6, 2026
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
No Result
View All Result
No Result
View All Result
Home Business & Economy

World Bank Estimates $216 Billion Needed to Rebuild War-Torn Syria

October 21, 2025
in Business & Economy
Reading Time: 2 mins read
0
World Bank
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

After more than a decade of devastating conflict, the World Bank has projected that rebuilding war-torn Syria will cost a staggering $216 billion, marking one of the most daunting reconstruction challenges in modern history.

In its latest report released on Tuesday, the Bank estimated that the 13-year civil war, which erupted in 2011 following protests against then-President Bashar al-Assad, has left behind extensive physical destruction and economic paralysis. The conflict claimed over 500,000 lives, displaced millions, and shattered much of the country’s social and economic fabric.

According to the report, nearly one-third of Syria’s pre-war gross capital stock has been wiped out. Direct physical damages—spanning infrastructure, residential, and commercial properties—amount to $108 billion, while infrastructure alone suffered 48% of total damages, valued at about $52 billion. The hardest-hit areas include Aleppo province and the Damascus countryside, both of which endured relentless bombardment during the early years of the war.

The World Bank noted that the total reconstruction cost could range between $140 billion and $345 billion, depending on the scale of rebuilding efforts and the pace of recovery, with $216 billion considered the most realistic estimate.

“This report underscores the magnitude of Syria’s recovery needs,” said Jean-Christophe Carret, World Bank Middle East Division Director. “The challenges ahead are immense, but the World Bank stands ready to work alongside the Syrian people and the international community to support recovery and reconstruction.”

The reconstruction bill—ten times Syria’s projected 2024 GDP—highlights the enormity of the task facing the country’s new Islamist authorities, who came to power following the overthrow of Bashar al-Assad in December. Since taking charge, the new leadership has sought to attract foreign investment and rebuild diplomatic ties to fund recovery efforts.

However, analysts warn that beyond the physical damage, Syria’s road to recovery will depend heavily on political stability, international recognition of the new government, and sustained financial support from global partners.

As the nation begins this arduous journey toward rebuilding, the World Bank’s report stands as both a sobering reminder of the war’s toll and a call to action for coordinated global assistance to help Syria rise from the ruins.

WHAT YOU SHOULD KNOW

The World Bank estimates that rebuilding Syria after 13 years of civil war will cost about $216 billion, nearly ten times the country’s projected 2024 GDP, underscoring the massive economic and infrastructural devastation left in the wake of the conflict.

Tags: SyriaWorld bank
Share197Tweet123Share34
Previous Post

Akpabio Urges EFCC to Publish Frivolous Petitions to Promote Transparency

Next Post

David Geffen’s Estranged Husband Abruptly Drops Explosive Lawsuit

Related Posts

Dangote

Dangote Refinery Assures Nigerians of Stable Petrol Supply

by Victoria Ogbadu
March 5, 2026
0

Dangote Petroleum Refinery & Petrochemicals has reassured Nigerians of its commitment to ensuring a steady supply of petrol across the...

Crypto

Crypto Bill Reaches Deadlock

by Victoria Ogbadu
March 5, 2026
0

Negotiations over the cryptocurrency reform bill have ground to a halt, with major banks refusing to endorse a White House-brokered...

Banks

Banks Stay Cautious Amid Private Lending Drop

by Victoria Ogbadu
March 5, 2026
0

Nigerian banks tightened their lending purse strings at the dawn of 2026, as fresh data from the Central Bank of...

Manufacturing

Nigeria Targets 25% Manufacturing GDP by 2035

by Victoria Ogbadu
March 5, 2026
0

The federal government has launched the Nigeria Industrial Policy (NIP), targeting a dramatic increase in the manufacturing sector's contribution to...

Gas

Cooking Gas Prices Surge Amid Middle East Crisis

by Victoria Ogbadu
March 5, 2026
0

The price of liquefied petroleum gas (LPG), commonly known as cooking gas, has skyrocketed across Nigeria, with retailers now charging...

Load More
Next Post
David Geffen’s Estranged Husband Abruptly Drops Explosive Lawsuit

David Geffen’s Estranged Husband Abruptly Drops Explosive Lawsuit

OpenAI

OpenAI Launches “Atlas” Browser in Bold Challenge to Google Chrome

Gyokeres Celebrating

Gyokeres Fires Arsenal Past Atletico Madrid as Gunners Extend Perfect Champions League Start

Tanker Explosion In Niger State

Over 30 Dead, Dozens Injured as Fuel Tanker Explosion Rocks Niger State

Photo of Manchester City Haaland

Haaland Strikes Again As Manchester City Cruise Past Villarreal In Champions League

PSG Players Celebrating a Goal

Dembele Marks Return with Goal as PSG Crush Leverkusen 7–2 in Champions League

Newcastle vs Benfica

Barnes Shines as Newcastle Crush Benfica 3–0 in Champions League

NNPC

NNPC Records N10.073 Trillion Federation Remittance as Production Faces Mixed Fortunes

Photo of Miguel Uribe

Driver of Teen Assassin Sentenced to 21 Years for Killing Colombian Presidential Candidate

ASUU logo

ASUU Suspends Two-Week Warning Strike, Gives FG One Month to Meet Demands

  • Trending
  • Comments
  • Latest
cbn governor olayemi cardoso

CBN Approves Merger Between Two Banks

February 23, 2026
us to deport 79 nigerians

Full List: US To Deport 79 Nigerians

February 11, 2026
FG (TInubu) To Stop Salaries Of Unverified Workers

Tinubu Makes 12 New Appointments

February 11, 2026
Rihanna

Rihanna: Vibrant Star Elevating Nigerian Fashion Trends

1
Markets

European Markets Fall as French Government Crisis Deepens, Trump Fires Fed Governor

1
Kenya Airways

Viral video: Drama at Airport as Nigerian Woman Clashes with Kenya Airways Over Visa Issue

0
Photo of Seif al-Islam Gaddafi

Libya Identifies Suspects in Gaddafi Son’s Killing

March 5, 2026
CAF Postpones 2026 WAFCON

CAF Postpones 2026 WAFCON

March 5, 2026
Dangote

Dangote Refinery Assures Nigerians of Stable Petrol Supply

March 5, 2026
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Get Breaking News Alerts on WhatsApp