Syrian President Ahmed al-Sharaa, a jihadist formerly known as “Abu Mohammed al-Jolani,” boasted during an appearance this week in Saudi Arabia that his nascent government has attracted $28 billion in investment for post-war reconstruction since seizing power in December.

Sharaa was the leader of Hayat Tahrir al-Sham (HTS), an al-Qaeda offshoot fighting the regime of ousted dictator Bashar Assad for years following the eruption of civil war in the country in 2011. After over a decade of fighting featuring over ten different warring parties and patrons, HTS made a major breakthrough in November, taking over the city of Aleppo. By December 7, Assad and his family were on a plane to Moscow, where strongman Vladimir Putin offered them political asylum.

HTS has in practice disband

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