Why Syria's brutal civil war can make some rich and deprive others of everything they have, explained
On June 11, the US imposed sanctions on a prominent Syrian businessman Samer Foz, exactly six months after the European Union took similar measures against the luxury real estate builder. Educated at the American University of Paris in France, Foz displayed overweening confidence in his business record, despite allegations of him being one of Assad's sidekicks and a facilitator of the regime's business through shady networks.
“Once you have made enough money, you begin to think about what you can do for your country,” said Foz, duringBut Foz, the owner of the Aman Holding Group, has reportedly made money utilising Assad's coterie of friends and advisors, who in turn needed an enabler to take up large-scale real estate projects designed to rebuild war-affected Syria.
“This tactic - taking over property owned by Syrian citizens and handing the land to wealthy regime insiders to develop in exchange for revenue sharing - has emerged as Assad's go-to strategy for high-end reconstruction in war-torn Syria," said the US Treasury Department. shark’ by people
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