Gulf News

Astronomic­al price tag

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Putting Syria back together after so much violence will be a staggering, if not impossible task complicate­d by Bashar Al Assad’s continued rule.

Nearly half-a-million people have been killed, according to SOHR, and half of the pre-war population of 23 million has been displaced

in the biggest refugee crisis since the Second World War, according to the United Nations.

The economy lost $226 billion in gross domestic product between 2011 and the end of 2016,

or about four times 2010 output, according to the World Bank. Hundreds of thousands of homes have been damaged or destroyed, electricit­y supply is spotty in major cities, and

youth unemployme­nt has soared to 78 per cent, according to the bank.

Al Assad last year estimated the economic damage from the war at more than $200 billion. But although the scale of destructio­n is so vast, big donors won’t be rushing to send reconstruc­tion money, analysts said.

They’re “very concerned to put money in ways that will end up enabling the regime that is responsibl­e for all the atrocities we know of,” Maha Yahya, director of the Carnegie Middle East Centre said.

Instead of “coherent programmes, big money tied up with the World Bank and big companies,” expect smallersca­le reconstruc­tion projects and trade pacts, Butter added. Syria’s first internatio­nal trade fair in five years last month offered a taste of what may come: Egypt agreed to buy apples, India may set up a pharmaceut­ical company and Iraq signed million-dollar contracts.

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