Saudis Announce New Investments in Syria, a Sign of Deepening Ties
AI Summary
In February 2026, Saudi Arabia announced significant investments in Syria's telecommunications, energy, and aviation sectors, signaling closer ties between the two nations. The deals, announced in Damascus, include a joint airline, rehabilitation of Aleppo's international airport, and a $1 billion investment in Syria's telecommunication network. These investments aim to boost Syria's economy, which has been struggling after years of civil war and sanctions, under the leadership of President Ahmed al-Sharaa, who ousted Bashar al-Assad. The shift reflects a change in Syria's alliances, moving away from Iran and towards Gulf countries, with Saudi Arabia becoming a key supporter. These deals build upon Saudi Arabia's previous pledge of $6.4 billion in investments in Syria last year.
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