Who Manages Assad Regime's Seized Assets
The article reveals the establishment of a Syrian sovereign wealth fund managing assets valued at approximately $50 billion. These assets include companies and properties confiscated from businessmen close to the Assad regime. The fund aims to restructure the Syrian economy and attract foreign investments. It manages factories, real estate, and shares in banks and companies across various sectors. Its management is led by Ibrahim Sukarya, who receives direct reports from the Assad president. Despite its growing role in the economic arena, the fund faces criticism for its lack of transparency and the incomplete disclosure of its sources of income and internal structure. It is working on developing its systems in accordance with international best practices.
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