Earthquake damage in Syria estimated at $5.1 billion

  • 04/03/2023

Kuwait City, March 4: The World Bank stated that the earthquakes that struck Syria last month caused direct material damage estimated at $5.1 billion and exacerbated the devastation in a country already exhausted by years of civil war.

The current value of damaged or destroyed buildings and infrastructure is estimated at about 10 percent of Syria's gross domestic product. "The disaster will lead to a decline in economic activity, which will further affect the prospects for growth in Syria," said Jean-Christophe Carré, Regional Director of the Middle East Department at the World Bank.

Related News

1,540 traffic violations issued, 33 people arrested
  • 23/11/2024
Kuwait Seeks Approval for Filipino Domestic Workers
  • 22/11/2024
Kuwait Amir conveys good wishes to Trump
  • 22/11/2024
Kuwait sees surge in traffic violations
  • 19/11/2024
MoI: 199 deaths due to traffic accidents in 9 months
  • 19/11/2024
MoI: 385 residency violators arrested, 497 deported within ...
  • 18/11/2024
Tanker explosion kills one, injures another in Amghara
  • 18/11/2024
Philippines issues new guidelines to protect domestic worke ...
  • 16/11/2024
Kuwaiti court convicts trio of citizenship forgery
  • 14/11/2024
Indians lead Kuwait labour market
  • 14/11/2024
British Embassy organizes car rally on Al Khaleej Street
  • 12/11/2024
Egyptian contractor dies after falling from Al-Mutlaa constr ...
  • 11/11/2024