World Bank Taksir Syrian Redevelopment Needs IDR 3 Quadrillion

Alepo's condition, one of the largest cities in Syria, is as civil war rages. (Wikipedia Commons)

JAKARTA - The World Bank estimates that the rebuilding of Syria after a decade of civil war will cost around US$216 billion or around Rp3 quadrillion.

The amount of costs required is almost ten times that of Syria's gross domestic product by 2024.

The World Bank's assessment was published on Tuesday, October 21.

According to the World Bank, Syria's estimated rebuilding cost between USD 140-345 billion. However, the World Bank's "best conservative assessment" was USD 216 billion.

"The challenges ahead are huge, but the World Bank is ready to work closely with the Syrian people and the international community to support recovery and reconstruction," World Bank Director Jean-Christophe Carret said in a statement.

Syria has been hit by civil war since 2011. The war was sparked by massive protests by the Syrian people against the leadership of the then Presidential regime led by Bashar Al-Assad.

Protests were responded to by the regime's crackdown and turned into armed conflict. Bashar Al-Assad's regime was later overthrown in December 2024.

The armed conflict destroyed large parts of Syria, including damaging key infrastructure, including the country's power grid.

Now, despite rebuilding diplomatic relations with the West and signing a billion-dollar investment deal with Gulf countries since Assad was ousted, Syria is still experiencing financial difficulties.

Syria is still experiencing economic difficulties even though the United States and Europe have also lifted many sanctions imposed during the Assad dynasty rule.