Syria and Saudi Arabia sign multibillion-dollar investment deals
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 story so far
- Feb 7
How outlets cover it
3 outletsNot rated on the left–right scale. It describes Western party politics and doesn’t fit state media or outlets outside that system, so we show ownership and country instead.
Open questions and key claims
A low-cost Syrian-Saudi airline is aimed at strengthening regional and international air links.
The deals announced on Saturday were “a qualitative leap in the course of cooperation between our two countries.”
Syria and Saudi Arabia signed deals that include a joint airline.
The deals include a US$1 billion project to develop telecommunications.
Saudi Arabia announced investments in Syria's telecommunications, energy, and aviation sectors.
The deals included the creation of a joint airline and the rehabilitation of the international airport in Aleppo.
Elaf fund would commit $2bn to develop two airports in the Syrian city of Aleppo.
Syria will see nearly $1bn in investment in the telecommunications sector.
Who and where
Related stories over time
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- Feb 7◆ This story