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World Bank Puts Syria’s Reconstruction Price at $216 Billion

The estimate highlights a funding gap given Syria’s shrunken economy.

Overview

  • The assessment places total needs in a $140 billion to $345 billion range, calling $216 billion the conservative best estimate.
  • Rebuilding costs are allocated at $82 billion for infrastructure, $75 billion for housing and $59 billion for non-residential structures.
  • Aleppo, Rif Dimashq and Homs are the most damaged governorates, with estimated losses of $31 billion, $22 billion and $11 billion.
  • The bill is nearly ten times the projected 2024 GDP of $21.4 billion, with the economy down by more than 50% since 2010 and the UN estimating 90% of Syrians in poverty.
  • The World Bank warns of significant uncertainty due to a fluid security picture, as Saudi Arabia and Qatar paid a $15.5 million World Bank debt, pledged $89 million, and the Bank allocated $146 million to restore electricity.