Syria and Saudi Arabia have unveiled a major investment package aimed at rebuilding Syria’s infrastructure and economy.
The agreements, signed in Damascus on Saturday, cover energy, telecommunications, aviation, and real estate.
Key developments:
• Telecommunications: Nearly $1 billion will fund projects in two stages over 18–24 months, says Abdulsalam Haykal, Syria’s Minister of Communications and IT.
• Aviation: Saudi carrier flynas and the Syrian Civil Aviation Authority will launch flynas Syria, a low-cost airline. The venture will be 51% Syrian-owned and 49% by flynas, with operations expected in late 2026.
• Airports: Saudi Arabia’s investment fund will contribute 7.5 billion riyals (€1.7bn / $2bn) to develop two airports in Aleppo.
Saudi Investment Minister Khalid al-Falih described the deals as reflecting a shared vision for a “common future” between the two countries. The US envoy to Syria, Tom Barrack, welcomed the agreements as a boost to reconstruction.
ℹ️ DW News
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