Reuters:

Iran had a grand plan for Syria – taken right from the playbook of a country it considers its arch-enemy.

Just as the United States solidified its global dominance by investing billions in rebuilding Europe after the Second World War, Iran would do the same in the Middle East by reconstructing a war-ravaged Syria.

The ambitious program, outlined in a 33-page official Iranian study, makes several references to “The Marshall Plan,” America’s blueprint for resurrecting post-War Europe. The U.S. strategy succeeded: It made Europe “reliant on America,” a presentation accompanying the study says, by “creating economic, political and socio-cultural dependence.”

The document, dated May 2022 and authored by an Iranian economic-policy unit stationed in Syria, was found by Reuters reporters in Iran’s looted Damascus embassy when they visited the building in December. It was among hundreds of other papers they uncovered there and at other locations around the capital – letters, contracts and infrastructure plans – that reveal how Iran planned to recoup the billions it spent saving President Bashar al-Assad during the country’s long-running civil war.

The Syria-strategy document envisions building an economic empire, while also deepening influence over Iran’s ally.

“A $400 billion opportunity,” reads one bullet point in the study.

These imperial hopes were crushed when rebels hostile to Iran toppled Assad in December. The deposed dictator fled for Russia. Iran’s paramilitaries, diplomats and companies beat their own hasty exit. Its embassy in Damascus was ransacked by Syrians celebrating Assad’s demise.

The building was littered with documents highlighting the challenges facing Iranian investors. The documents and months of reporting reveal new insight into the doomed effort to turn Syria into a lucrative satellite state.

Reuters interviewed a dozen Iranian and Syrian businessmen, investigated the web of Iranian companies navigating the gray zones of sanctions, and visited some of Iran’s abandoned investments, which included religious sites, factories, military installations and more. Those investments were stymied by militant attacks, local corruption, and Western sanctions and bombing runs.

Among the investments was a €411 million power plant in coastal Latakia being built by an Iranian engineering firm. It stands idle. An oil extraction project is abandoned in Syria’s eastern desert. A $26 million Euphrates River rail bridge built by an Iranian charity linked to Supreme Leader Ayatollah Ali Khamenei collapsed under a U.S. coalition airstrike years ago, and was neither repaired nor fully paid for.

The roughly 40 projects in the abandoned embassy files represent a fraction of Iran’s overall investment. But in this assortment alone, Reuters found that Syria’s outstanding debts to Iranian companies toward the end of the war amounted to at least $178 million. Former Iranian lawmakers have publicly estimated the total debt of Assad’s government to Iran at more than $30 billion.

Hassan Shakhesi, a private Iranian trader, lost €16 million in vehicle parts he shipped to Syria’s Latakia port just before Assad fled. “I’d set up an office and home in Syria. That’s gone,” said Shakhesi. He said he was never paid for the goods, which disappeared. “I hope Iran’s long history with Syria isn’t just wiped out. I’m now having to look at business elsewhere.”

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