The Syrian Ministry of Economy and Industry recently signed a memorandum of understanding with the Aga Khan Development Network aimed at developing the industrial sector and strengthening cooperation between the public and private sectors in Syria. Under the MoU, signed by Minister of Economy and Industry Nidal al-Shaar and the network’s resident representative in Syria Ghatfan Ajoub, the ministry will provide studies, facilitation measures and relevant information to support projects implemented by the network in the country. The agreement seeks to promote sustainable industrial development and reinforce effective public-private partnership. Earlier this week, the network assured that it is committed to new projects in Syria worth over €100 million during 2026 and 2027, under the guidance of the network’s head, Prince Rahim Aga Khan V, emphasising its deep commitment to the Syrian people through programmes that combine immediate humanitarian response with long-term community capacity building.