(MENAFN) Syrian President Ahmed al-Sharaa on Wednesday signed a series of decrees to establish three key economic bodies—the Development Fund, the Sovereign Fund, and the Supreme Council for Economic Development—in a bid to accelerate the reconstruction of the country, according to a state-run news agency.

The news agency report outlines that the newly created Development Fund will focus on rebuilding and modernizing vital infrastructure. This includes repairing and upgrading roads, bridges, electricity and water systems, ports, airports, and telecommunications networks, as well as restoring other critical public services.

The Sovereign Fund, as detailed in the decree, will serve as a vehicle for launching development and production initiatives. It is tasked with maximizing the use of Syria’s human capital, natural resources, and technical capabilities across various industries, with the aim of driving economic revitalization through strategic and diversified investments.

In a separate directive, the government also formalized the creation of the Supreme Council for Economic Development. The council’s primary mission is to guide Syria toward economic stabilization, recovery, and long-term sustainable growth.

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