Syria and Saudi Arabia sign multibillion-dollar investment deals

Al JazeeraCenterEN 2 min read 100% complete by Al Jazeera StaffFebruary 7, 2026 at 09:03 PM

AI Summary

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Syria and Saudi Arabia signed multibillion-dollar investment deals in aviation, energy, real estate, and telecommunications, as Syria aims to rebuild its economy following a 14-year civil war. The agreements, announced by the Syrian Investment Authority, include developing a new international airport in Aleppo, launching a low-cost Syrian-Saudi airline called "Flynas Syria," and establishing a telecommunications project called SilkLink. Saudi Arabia, a major backer of Syria's new leadership since 2024, will invest $2 billion through the Elaf fund to develop two airports in Aleppo. The telecommunications sector is expected to receive nearly $1 billion in investment to improve connectivity between Asia and Europe. The deals represent the largest investment in Syria since the US lifted sanctions in December.

Key Entities & Roles

Key Player Opposition Context

Bashar al-Assad 30% Damascus 40% United States 40% Khalid al-Falih 50% Abdulsalam Haykal 50% Syrian Civil Aviation Authority 50% Flynas ×260% Talal al-Hilali 60% Aleppo ×370% Elaf fund ×270% Saudi Arabia ×480% Syria ×1090%

Keywords

syria 90% saudi arabia 90% investment deals 90% airport development 70% aviation 70% telecommunications 70% elaf fund 60% economic rebuilding 60% foreign investment 50%