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HomeThe dynamics and evolution of UAE-Syria relations
Between expectations and obstacles
The dynamics and evolution of UAE-Syria relations
Between expectations and obstacles
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Since the beginning of the Syrian uprising in mid-March 2011, the United Arab Emirates has adopted a relatively ambiguous position regarding events in the country, officially supporting the Syrian opposition but maintaining various links with the Assad regime in Damascus. In 2015, the UAE began withdrawing from the Syrian conflict, investing its attention and resources increasingly in the war in Yemen. However, by 2018 the UAE was pursuing a rapprochement with the Syrian regime, re-opening its embassy in Damascus in December of that year. The ostensible purpose of this – to counter the deepening influence of Turkey and Iran in Syria – appears misguided in several respects. On the economic front, there are potential opportunities for Emirati investment in various sectors in Syria, such as real estate, transport and trade. These sectors were all traditional beneficiaries of Emirati investment prior to 2011. The prospective return of UAE investment to Syria, however, is fraught with complications and obstacles in the short and medium terms, particularly in the light of US sanctions and economic difficulties in Dubai. The potential for Syrian business people in the UAE to act as intermediaries for Emirati investors is somewhat limited. The vast majority of these people have little prospect of returning to the country, at least in the short term, as they would face difficulties and obstacles represented by the regime’s business networks, which have consolidated their grip on the Syrian economy. Instead, business networks already close to the regime are currently those best positioned to play this intermediate role for Emirati investment.
- Opublikowano:
- Autor zbiorowy: Europejski Instytut Uniwersytecki
- Autorzy indywidualni: Daher, Joseph
- Tematy Gospodarka i finanse , Bliski Wschód
- Temat: inwestycja zagraniczna , ograniczenia handlu , polityka zagraniczna , sankcje ekonomiczne , Syria , system polityczny , współpraca między przedsiębiorstwami , Zjednoczone Emiraty Arabskie
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| ISSN | ISBN 978-92-9084-796-0 | DOI 10.2870/40366 | Numer katalogowy QM-03-19-806-EN-N |
- Released on EU Publications:
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