Syria and Saudi Arabia on Saturday signed several agreements, including a joint airline and a $1-billion project to improve telecommunications, as Damascus works to rebuild after years of war.
Syria and Saudi Arabia on Saturday signed a series of agreements, including a joint airline and a $1-billion telecommunications project, as Damascus seeks to rebuild after years of war, officials said.
Syrian Investment Authority chief Talal al-Hilali announced the launch of a low-cost Syrian-Saudi airline aimed at boosting regional and international air links. The agreements also cover the construction of a new international airport in Aleppo and the redevelopment of the existing facility.
$1-billion telecommunications initiative
The SilkLink project, designed to develop Syria’s telecommunications infrastructure and digital connectivity, was also unveiled. Syrian Telecommunications Minister Abdulsalam Haykal said the initiative would be implemented with an investment of around $1 billion.
Saudi support and investment fund
Saudi Investment Minister Khalid Al-Falih announced the creation of an investment fund for major projects in Syria, involving private sector participation. He described the deals as part of “building a strategic partnership” between the two countries.
Economic rebuilding after sanctions
For years, Syria struggled to attract significant investments due to sanctions under the Assad-era government. The United States lifted its remaining sanctions late last year, opening the door for renewed investment.
The deals also cover water desalination and broader development cooperation. Hilali said the agreements focus on “vital sectors that impact people’s lives and form essential pillars for rebuilding the Syrian economy.”
Recent investment trends
Syria has been actively signing reconstruction agreements over the past year. In July 2025, Riyadh committed $6.4 billion to rebuild infrastructure, telecommunications, and other sectors. A month later, Syria signed deals worth more than $14 billion, including investments in airports, transport, and real estate.
This week, preliminary agreements were also signed with US energy firm Chevron and Qatari company Power International to explore offshore oil and gas opportunities.
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