Gaza conflict reignites violence in Syria
4 June 2024

Since fighting began in the Gaza war in October, Syria’s civil war has been pushed even further down the regional agenda, threatening to turn a largely frozen conflict into a forgotten one.
The intensity of the fighting, which entered its 14th year in March, has atrophied into a near stalemate in recent years, with the regime of President Bashar Al Assad controlling around 70% of the country, while a medley of rebel groups, Turkish forces and Kurdish and Arab militias hold a patchwork of territories across the north and east.
However, the battle between Israel and Hamas has threatened to reignite the Syrian war in new ways.
Assad has been doing his best to avoid getting involved in any regional escalation, but that has not always been easy, with the Israeli attack on the Iranian embassy in Damascus on 1 April, in particular, raising the risk of Syria becoming a battleground.
Over the past decade, there have been numerous Israeli attacks in Syria against the Iranian Islamic Revolutionary Guards Corp’s Al Quds force as well as Tehran-backed militias, but the rate of attacks has increased since the Gaza war broke out.
Expanding violence
In March, the UN’s Independent International Commission of Inquiry on Syria issued a report which said the country has been suffering the worst wave of violence since 2020. “Since October, Syria has seen the largest escalation in fighting in four years,” said commission chairman Paulo Pinheiro at the time. “Syria … desperately needs a ceasefire.”
That analysis has been backed up by the US-based Armed Conflict Location and Event Data (ACLED) project, which recorded 201 incidents linked to Israeli attacks in Syria involving 236 deaths between October 2023 and March 2024, the highest number since it began tracking the civil war in 2017.
Assad has several reasons to want to avoid being drawn further into conflict with Israel, not least that his own forces are stretched and weakened after years of fighting.
Damascus has also not forgotten that Hamas broke ties with Assad during the Arab Spring, with the Palestinian group’s leader, Khaled Mashal, leaving Damascus in early 2012. Relations were only restored a decade later, when a Hamas delegation travelled to the Syrian capital, but they remain strained.
In contrast to the threat of escalation as a result of Gaza, the Syrian civil war itself has been largely stagnant since 2020, when Damascus abandoned its attempt to recapture the Idlib governorate in the northwest. Since then, the frontlines have stayed largely the same, but the country is far from being at peace and there is the constant threat of fresh fighting breaking out.
In October last year, a drone strike on a military graduation ceremony in the government-controlled city of Homs killed 80 people and wounded 240. In response, government forces launched an offensive against groups in the northwestern Idlib province, where Tahrir Al Sham (a militant group that emerged in 2017 out of several others) and the Turkish-backed National Liberation Front have their strongholds.
In April this year, suspected members of the Islamic State group killed 22 pro-government fighters of the Quds Brigade near the town of Sukhna in central Syria. There were similar attacks the following month.
Diplomatic overtures
Regional powers, including some in the Gulf, have urged Syria to resist being drawn into the Gaza conflict. Relations between Damascus and several Gulf capitals have been improving over the past few years, although the momentum behind that process appears to be slowing down.
Assad was in Bahrain in mid-May to attend the Arab Summit – the second such gathering he has been at since Syria was re-admitted to the organisation in 2023 following a diplomatic push by Jordan, Saudi Arabia and the UAE.
Among the other signs of diplomatic re-engagement, the UAE’s ambassador to Syria, Hassan Ahmed Al Shehi, took up his post in February, and in late May, Saudi Arabia named Faisal Al Mujfel its ambassador to Damascus – its first senior envoy there for 12 years.
The diplomatic outreach by the Gulf countries is motivated in large part by a desire to put pressure on Damascus to restrict the flow of the illegal drug Captagon into their markets, but there has been little sign to date that the Assad regime is willing to end that trade – which, by some measures, is now the largest part of the Syrian economy.
There are problems with other regional powers too, not least Turkey, which maintains control over two areas of northern Syria along their common border, from where it is trying to neutralise the threat of the People’s Defence Units (YPG), the Kurdish group at the core of the Syrian Democratic Forces now in control of some 20-25% of Syrian territory in the northeast of the country. Ankara views the YPG as a terrorist group due to its association with the Kurdistan Workers’ Party (PKK), which is banned in Turkey.
“What Damascus wants of Turkey is a full withdrawal; Turkey leaving and moving all its troops from Syria,” said Dareen Khalifa, senior adviser for dialogue promotion at the International Crisis Group, at the same Chatham House event.
“What Turkey wants of Damascus is preventing a new wave of refugees, crushing the Kurdish-led YPG forces and so on. It wants things from Damascus that Damascus can’t really deliver on. So, I think that deadlock is going to continue.”
That looks to be true of the wider civil war, too, with little sign that the Assad regime or the various rebel groups have the ability to force significant changes on the ground.
Less clear is how the situation in Gaza, and the associated Israeli attacks and provocation against Iranian groups on Syrian soil, could yet affect the ongoing conflict in Syria in less predictable ways.
Exclusive from Meed
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Visa agrees to support digital payments in Syria5 December 2025
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Frontrunner emerges for Riyadh-Qassim IWTP5 December 2025
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Regional rail industry emerges8 December 2025
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The GCC is experiencing a fundamental shift in its approach to rail infrastructure, as it moves from standalone projects to a self-sustaining regional industry. The transition is evident as local, national and regional projects advance across the region.
The first wave of metro systems, in Dubai, Doha, and most recently, Riyadh, have reported stronger-than-expected ridership and demonstrated the viability of mass transit in the Gulf.
Extensions to those networks are planned or under way, including Dubai’s Blue and Gold lines and Riyadh’s Line 2, alongside planned metros elsewhere such as Muscat and Bahrain.
Projects are also planned and already being delivered at the national level. The UAE’s Etihad Rail and Saudi Arabian Railways are leading most of these efforts. The region’s first cross-border project is also progressing with the Hafeet Rail scheme linking the UAE and Oman.
Other cross-border schemes are planned, including high speed links connecting Riyadh with Doha and Kuwait City, and rail links for Bahrain across causeways to Saudi Arabia and Qatar. The ultimate ambition is a GCC Rail network – a project that was reinvigorated by the Al-Ula accords in 2021.
Sustained, simultaneous activity across the GCC is fostering the development of an indigenous regional rail industry. Rather than being executed as isolated endeavours, projects are creating ongoing demand for expertise, personnel and resources within the region.
Project delivery capability will be complemented by the establishment of crucial ancillary services, including fabrication and servicing facilities.
These operations will shift the GCC from a lucrative market for international contractors to a regional hub for the rail industry, capable of servicing and sustaining its growing network.
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Aldar and Mubadala plan $16bn financial district expansion8 December 2025
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Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, and local developer Aldar have established a joint venture to deliver an expansion of the financial district on Al-Maryah Island with a gross development value of AED60bn-plus ($16bn-plus).
The development will be built on the undeveloped land bank on the north side of Al-Maryah Island, covering about 500,000 square metres (sq m), and will support the next phase of growth for Abu Dhabi Global Market (ADGM).
The masterplan encompasses 1.5 million sq m of new office, residential, retail and hospitality floor space.
In an official statement, the firms said that the core objective of the project is to support the continued expansion of ADGM, Abu Dhabi’s international financial centre. ADGM now has more than 11,000 active licences registered in the free zone and is among the fastest-growing financial hubs globally.
"Nearly 40,000 people are already based within the district, and demand for space remains strong," the statement added.
The Al-Maryah Island expansion will add over 450,000 sq m of Grade A office space, doubling the island’s current office inventory.
The expansion will add over 3,000 residences on the waterfront.
The next phase will also add a further 40,000 sq m of retail and dining spaces.
A central feature of the expansion is the Al-Maryah Waterfront enhancement project. This will include a bay fountain capable of water displays up to 75 metres high, forming the focal point of a reconfigured waterfront with additional dining, leisure and event spaces designed to complement existing assets on the island.
Three new bridges are proposed to link the north side of Al-Maryah Island with Reem Island and the Abu Dhabi mainland, reducing travel time to Saadiyat Island to under 10 minutes.
The enabling works on these projects are due to begin in 2026.
The new joint venture is owned 60% by Aldar and 40% by Mubadala.
"The two organisations are close to completing the legal work on a retail joint venture that will own and operate several of Abu Dhabi’s leading retail destinations, including The Galleria Al-Maryah Island, Yas Mall and the planned Saadiyat Grove Mall," the statement added.
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Visa agrees to support digital payments in Syria5 December 2025
Visa and the Central Bank of Syria have agreed on a strategic roadmap that will allow the US-based card and digital payments company to begin operations in Syria and support the development of a modern digital payments system.
Under the agreement, Visa will work with licensed Syrian financial institutions under a phased plan to establish a secure foundation for digital payments.
The early stages will involve Visa supporting the central bank in issuing Europay, Mastercard and Visa (EMV)-compliant payment cards and enabling tokenised digital wallets – bringing the country in line with internationally interoperable standards.
Visa will also provide access to its platforms, including near-field communication (NFC) and QR-based payments, invest in local capacity building and support local entrepreneurs seeking to develop solutions leveraging Visa’s global platform.
“A reliable and transparent payment system is the bedrock of economic recovery and a catalyst that builds the confidence required for broader investment to flow into the country,” noted Visa’s senior VP for the Levant, Leila Serhan. “This partnership is about choosing a path where Syria can leapfrog decades of legacy infrastructure development and immediately adopt the secure, open platforms that power modern commerce.”
The move marks one of the most significant steps yet in Syria’s slow and uneven return to the formal global financial system and carries implications that reach beyond just payments technology.
It lays the groundwork for overturning more than a decade of financial isolation in which Syria has operated largely outside global banking and settlement networks.
Visa’s entry will not erase all existing barriers – as many restrictions remain in force and will continue to shape what is practically possible – but its support signals a reopening of channels that could smooth Syria’s reintegration into financial networks.
The involvement of the US-based payments provider is also a further tacit sign of the US government’s enthusiastic bear hug of the new post-Assad Syrian government under President Ahmed Al-Sharaa.
For investors assessing long-term opportunities, the presence of a globally recognised payments operator will provide reassurance that Syria’s financial system is returning to international norms, and the security and transparency that comes with it.
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Meraas announces next phase of Nad Al-Sheba Gardens5 December 2025
Dubai-based real estate developer Meraas Holding, which is part of Dubai Holding, has announced the eleventh and final phase of its Nad Al-Sheba Gardens residential community in Dubai.
It includes the development of 210 new villas and townhouses and a school, which will be located at the northwest corner of the development.
The latest announcement follows Meraas awarding a AED690m ($188m) contract for the construction of the fourth phase of the Nad Al-Sheba Gardens community in May, as MEED reported.
The contract was awarded to local firm Bhatia General Contracting.
The scope of the contract covers the construction of 92 townhouses, 96 villas and two pool houses.
The contract award came after Dubai-based investment company Shamal Holding awarded an estimated AED80m ($21m) contract to UK-based McLaren Construction last year for the Nad Al-Sheba Gardens mall.
The project covers the construction and interior fit-out of a two-storey mall, covering an area of approximately 12,600 square metres.
The UAE’s heightened real estate activity is in line with UK analytics firm GlobalData’s forecast that the construction industry in the country will register annual growth of 3.9% in 2025-27, supported by investments in infrastructure, renewable energy, oil and gas, housing, industrial and tourism projects.
The residential construction sector is expected to record an annual average growth rate of 2.7% in 2025-28, supported by private investments in the residential housing sector, along with government initiatives to meet rising housing demand.
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Frontrunner emerges for Riyadh-Qassim IWTP5 December 2025

Saudi Arabia’s Vision Invest has emerged as frontrunner for the contract to develop the Riyadh-Qassim independent water transmission pipeline (IWTP) project, according to sources.
State water offtaker Saudi Water Partnership Company (SWPC) is preparing to award the contract for the IWTP "in the coming weeks", the sources told MEED.
The project, valued at about $2bn, will have a transmission capacity of 685,000 cubic metres a day. It will include a pipeline length of 859 kilometres (km) and a total storage capacity of 1.59 million cubic metres.
In September, MEED reported that bids had been submitted by two consortiums and one individual company.
The first consortium comprises Saudi firms Al-Jomaih Energy & Water, Al-Khorayef Water & Power Technologies, AlBawani Capital and Buhur for Investment Company.
The second consortium comprises Bahrain/Saudi Arabia-based Lamar Holding, the UAE's Etihad Water & Electricity (Ewec) and China’s Shaanxi Construction Installation Group.
The third bid was submitted by Saudi Arabia's Vision Invest.
It is understood that financial and technical bids have now been opened and Vision Invest is likely to be awarded the deal.
The Riyadh-based investment and development company made a "very aggressive" offer, one source told MEED.
In November, the firm announced it had sold a 10% stake in Saudi Arabia-based Miahona as part of a strategy to reallocate capital "towards new and diversified investments".
The company did not disclose which projects the capital might be reallocated towards.
As MEED recently reported, Vision Invest is also bidding for two major packages under Dubai's $22bn tunnels programme in a consortium with France's Suez Water Company.
The Riyadh-Qassim transmission project is the third IWTP contract to be tendered by SWPC since 2022.
The first two are the 150km Rayis-Rabigh IWTP, which is under construction, and the 603km Jubail-Buraydah IWTP, the contract for which was awarded to a team of Riyadh-based companies comprising Al-Jomaih Energy & Water, Nesma Group and Buhur for Investment Company.
Like the first two IWTPs, the Riyadh-Qassim IWTP project will be developed using a 35-year build-own-operate-transfer contracting model.
Commercial operations are expected to commence in the first quarter of 2030.
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