Syria has signed several multi‑billion‑dollar investment agreements with Saudi Arabia aimed at rebuilding its war‑torn economy after 14 years of civil conflict. The deals, announced on Saturday by Syrian Investment Authority chief Talal al‑Hilali, cover aviation, energy, housing and telecommunications. Projects include constructing a new international airport in Aleppo, launching a low‑cost airline named Flynas Syria, and implementing a major telecom initiative called SilkLink to strengthen regional connectivity.

Saudi Investment Minister Khalid al‑Falih said the newly launched Elaf Fund will invest about US$2 billion to develop two airports in Aleppo, while Syria’s ICT Minister Abdul‑Salam Haykal confirmed a US$1 billion telecom investment to lay thousands of kilometers of fiber‑optic cables linking Asia and Europe. The Syrian Energy Ministry also signed a separate deal with Saudi firm ACWA Power for water and energy projects. Analysts view the agreements as politically significant following Bashar al‑Assad’s ouster in December 2024 and the lifting of U.S. sanctions.

International reactions have been largely positive, though some analysts caution that many previous investment pledges in Syria have yet to become binding contracts.