Syria Tenders and Bids

Get access to latest Syria tenders and bids. Find business opportunities and business intelligence from public and private procurement in Syria. Find international bid invitations and information about tenders, bids, procurement, RFPs, RFQs, ICBs and detailed analysis across all sectors from Syria.

Syria's economic situation has been turbulent and has deteriorated considerably since the beginning of the Syrian war, which erupted in March 2011. Before the civil war, the two main pillars of the Syrian economy were agriculture and oil, which together accounted for about one-half of GDP. Agriculture, for instance, accounted for about 26% of GDP and employed 25% of the total labor force. The Syrian economy suffered from conflict-related hyperinflation. The Syrian annual inflation rate is one of the highest in the world. The national currency, the Syrian pound, tumbled in mid-2020 against the US dollar. The pound, which traded at 47 pounds to the dollar before the 2011 uprising, plunged to over 3000 to the dollar. Prices of basic goods have skyrocketed and some staples have disappeared from the market as merchants and the public struggled to keep up with the rising cost of living.

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