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Saudi Foreign Minister: The world will be amazed by Syria's economic capabilities
www.arabnews.com
As I have written a few times earlier in this thread already, KSA is establishing a great economical foothold in Syria in numerous sectors.
Syria and Saudi Arabia sign multibillion-dollar investment deals
Elaf fund will finance projects with buy-in from Saudi investors committing $2bn for two airports in Aleppo city.
By Al Jazeera Staff
Published On 7 Feb 2026 7 Feb 2026
Syria and Saudi Arabia have signed a major investment package spanning aviation, energy, real estate and telecommunications as Damascus’s new leadership seeks to rebuild after a devastating 14-year civil war.
Syrian Investment Authority chief Talal al-Hilali announced a swath of deals on Saturday, including the development of a new international airport in Aleppo, the launch of a low-cost Syrian-Saudi airline, and a telecommunications project called SilkLink aimed at turning the country into a regional hub.
Saudi Arabia has been a major backer of Syria’s new leaders, who took power after toppling longtime ruler Bashar al-Assad in December 2024, with this latest deal marking the biggest investment since the United States lifted sanctions on the country in December.
Saudi Investment Minister Khalid al-Falih said the newly launched Elaf fund, which aims to finance large-scale projects with participation from Saudi private-sector investors, would commit $2bn (7.5 billion Saudi riyals) to develop two airports in the Syrian city of Aleppo.
Rebuilding Syria’s economy
Abdulsalam Haykal, Syria’s minister of communications and information technology, said his country will see nearly $1bn in investment in the telecommunications sector, with plans to lay thousands of kilometres of cable to boost connectivity between Asia and Europe.
Saudi budget carrier Flynas and the Syrian Civil Aviation Authority announced they signed an agreement to establish a new airline called “Flynas Syria”, which would be 51 percent owned by the Syrian side and is slated to start operations in the fourth quarter of 2026.
Syria’s Ministry of Energy also signed a water agreement with Saudi Arabia’s ACWA Power, which is known for running projects in power generation and desalinated water production plants in the Middle East and beyond.
Al-Hilali said the agreements targeted “vital sectors that impact people’s lives and form essential pillars for rebuilding the Syrian economy”.
Tom Barrack, the US envoy to Syria, commended the Saudi-Syrian deal on X. “Strategic partnerships in aviation, infrastructure, and telecommunications will contribute meaningfully to Syria’s reconstruction efforts,” he said.
But Benjamin Feve, senior research analyst at Karam Shaar advisory, sounded a more cautious note, saying the deals mattered “far more as a political signal than as an economic game changer” in the short term.
The government has faced criticism over the past year for making broad development promises based on written pledges with foreign investors, many of which have yet to be converted into binding contracts.
![]()
Syria and Saudi Arabia sign multibillion-dollar investment deals
Elaf fund will finance projects with buy-in from Saudi investors committing $2bn for two airports in Aleppo city.www.aljazeera.com
If not for the unnatural and artificial Al-Assad regime and its 50 + years of rule, KSA and Syria would have long ago become one of the closest partners in the region. Better late than never though.
Saudi Arabia’s delicate long game in Syria
![]()
View: Saudi Arabia’s delicate long game in Syria
Riyadh and international organizations are taking a cautious, institution-first strategy to revive Syria’s economy.www.semafor.com
Saudi Arabia, Syria sign $5.3 billion in agreements across key sectors
Deals span aviation, telecoms, infrastructure and real estate as Riyadh backs Syria’s recovery
Laith Al-Janidi |07.02.2026 - Update : 08.02.2026
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Saudi Arabia, Syria sign $5.3 billion in agreements across key sectors
Deals span aviation, telecoms, infrastructure and real estate as Riyadh backs Syria’s recovery - Anadolu Ajansıwww.aa.com.tr
Syrian aviation officials explore possible deal with Saudi ground services firm
![]()
Syrian aviation officials explore possible deal with Saudi ground services firm
DAMASCUS: Syrian aviation officials met with officials and representatives from Saudi Ground Services (SGS) to explore a possible partnership for ground handling services at Syrian airports. Authority Chief Omar Al-Hosari met with Mohammed Bin AbdulKarim Mazi, the SGS chief executive, and other...www.arabnews.com
Syria, Saudi Arabia agree on roadmap to boost rail, road connectivity
![]()
Syria, Saudi Arabia agree on roadmap to boost rail, road connectivity
Syrian Transport Minister Yarub Badr and his Saudi counterpart Saleh bin Nasser Al-Jasser agreed on a roadmap to enhance rail and road connectivity between the two countries, Anadolu reports. The a…www.middleeastmonitor.com
It is sad that the small artificial creation that is Jordan (I love our Jordanian brothers and sisters and the ancient and historically extremely rich portion of northern Arabia that is Jordan today - which is beloved to us) has prevented us from having direct borders. For now.
They've prevented us from putting down the Sweida rebellion that we were easily going to crush because they intervened and bombed our forces, and promised to invade to stop us -
Not sure why you replied to my comment with this article. But this is well known about the Druze, they are only loyal to themselves and always align with whichever power broken that gives them the most benefit, they never side with anyone for long based on principles or long lasting loyalty. They switch sides in conflict very often.'Unimaginable Sight': First-ever IDF Military Funeral in Israeli Druze Town Signals Historic Shift
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Maher Khatar's funeral in Majdal Shams, Monday.
Credit: Hassan Abu Salah
Among those accompanying Master Sgt. Maher Khatar, killed in Lebanon, on his final journey in Majdal Shams were residents once ostracized for holding Israeli ID cards. But Israel's discriminatory treatment may threaten the process distancing the Golan Druze from Syria
Adi Hashmonai
08:33 PM • March 10 2026 IST
For decades, the community center in Majdal Shams in the Golan Heights was covered with a huge Syrian flag. This week, that flag was nowhere to be seen. The hundreds who filled the community center came to console the family of Master Sgt. Maher Khatar, a native of the town and an IDF combat soldier, who was killed in Lebanon.
In the 1980s, those few Golan Druze with Israeli ID cards were victims of a religious and social boycott, considered to have betrayed the Syrian nation. Dr. Ramzi Halabi, from the Israeli Druze town of Daliat al-Carmel, said this moment symbolizes the breaking of the last barriers between the residents of the Druze villages in the Golan and the State of Israel. "The Druze in Israel...have long since defined ourselves first of all as Israelis, and hope that in the next stage the identification with Israel will reach the Golan Heights."
Dr. Salim Barik, a political scientist who studies the Druze, said the process of the Israelization of the Druze in the Golan began with the outbreak of the civil war in Syria. "It started in 2011 when people said, 'Syria is falling apart, so it's clear we won't return to Syria and it won't be able to liberate the Golan Heights. The story is over - we're Israelis, let's become part of Israel.'"
"What strengthened this trend most was the massacre in Sweida.... About 800 Druze were slaughtered there, thousands were wounded and displaced, and villages were torched. Today there's a genuine fear of Muslims."
Sheikh Zahir al-Din said, "Israel stood by our side in Sweida when accursed people massacred our brothers, and we'll never forget that. I asked someone here who was pro-Syrian how he agreed to let his son enlist in the IDF. He replied: 'At the time, we had children and relatives in the Syrian army. Now there aren't any, and if my son enlists he'll fight ISIS, and I'm very pleased about that.'"
As I have written a few times earlier in this thread already, KSA is establishing a great economical foothold in Syria in numerous sectors.
Syria and Saudi Arabia sign multibillion-dollar investment deals
Elaf fund will finance projects with buy-in from Saudi investors committing $2bn for two airports in Aleppo city.
By Al Jazeera Staff
Published On 7 Feb 2026 7 Feb 2026
Syria and Saudi Arabia have signed a major investment package spanning aviation, energy, real estate and telecommunications as Damascus’s new leadership seeks to rebuild after a devastating 14-year civil war.
Syrian Investment Authority chief Talal al-Hilali announced a swath of deals on Saturday, including the development of a new international airport in Aleppo, the launch of a low-cost Syrian-Saudi airline, and a telecommunications project called SilkLink aimed at turning the country into a regional hub.
Saudi Arabia has been a major backer of Syria’s new leaders, who took power after toppling longtime ruler Bashar al-Assad in December 2024, with this latest deal marking the biggest investment since the United States lifted sanctions on the country in December.
Saudi Investment Minister Khalid al-Falih said the newly launched Elaf fund, which aims to finance large-scale projects with participation from Saudi private-sector investors, would commit $2bn (7.5 billion Saudi riyals) to develop two airports in the Syrian city of Aleppo.
Rebuilding Syria’s economy
Abdulsalam Haykal, Syria’s minister of communications and information technology, said his country will see nearly $1bn in investment in the telecommunications sector, with plans to lay thousands of kilometres of cable to boost connectivity between Asia and Europe.
Saudi budget carrier Flynas and the Syrian Civil Aviation Authority announced they signed an agreement to establish a new airline called “Flynas Syria”, which would be 51 percent owned by the Syrian side and is slated to start operations in the fourth quarter of 2026.
Syria’s Ministry of Energy also signed a water agreement with Saudi Arabia’s ACWA Power, which is known for running projects in power generation and desalinated water production plants in the Middle East and beyond.
Al-Hilali said the agreements targeted “vital sectors that impact people’s lives and form essential pillars for rebuilding the Syrian economy”.
Tom Barrack, the US envoy to Syria, commended the Saudi-Syrian deal on X. “Strategic partnerships in aviation, infrastructure, and telecommunications will contribute meaningfully to Syria’s reconstruction efforts,” he said.
But Benjamin Feve, senior research analyst at Karam Shaar advisory, sounded a more cautious note, saying the deals mattered “far more as a political signal than as an economic game changer” in the short term.
The government has faced criticism over the past year for making broad development promises based on written pledges with foreign investors, many of which have yet to be converted into binding contracts.
![]()
Syria and Saudi Arabia sign multibillion-dollar investment deals
Elaf fund will finance projects with buy-in from Saudi investors committing $2bn for two airports in Aleppo city.www.aljazeera.com
If not for the unnatural and artificial Al-Assad regime and its 50 + years of rule, KSA and Syria would have long ago become one of the closest partners in the region. Better late than never though.
Saudi Arabia’s delicate long game in Syria
![]()
View: Saudi Arabia’s delicate long game in Syria
Riyadh and international organizations are taking a cautious, institution-first strategy to revive Syria’s economy.www.semafor.com
Saudi Arabia, Syria sign $5.3 billion in agreements across key sectors
Deals span aviation, telecoms, infrastructure and real estate as Riyadh backs Syria’s recovery
Laith Al-Janidi |07.02.2026 - Update : 08.02.2026
![]()
Saudi Arabia, Syria sign $5.3 billion in agreements across key sectors
Deals span aviation, telecoms, infrastructure and real estate as Riyadh backs Syria’s recovery - Anadolu Ajansıwww.aa.com.tr
Syrian aviation officials explore possible deal with Saudi ground services firm
![]()
Syrian aviation officials explore possible deal with Saudi ground services firm
DAMASCUS: Syrian aviation officials met with officials and representatives from Saudi Ground Services (SGS) to explore a possible partnership for ground handling services at Syrian airports. Authority Chief Omar Al-Hosari met with Mohammed Bin AbdulKarim Mazi, the SGS chief executive, and other...www.arabnews.com
Syria, Saudi Arabia agree on roadmap to boost rail, road connectivity
![]()
Syria, Saudi Arabia agree on roadmap to boost rail, road connectivity
Syrian Transport Minister Yarub Badr and his Saudi counterpart Saleh bin Nasser Al-Jasser agreed on a roadmap to enhance rail and road connectivity between the two countries, Anadolu reports. The a…www.middleeastmonitor.com
It is sad that the small artificial creation that is Jordan (I love our Jordanian brothers and sisters and the ancient and historically extremely rich portion of northern Arabia that is Jordan today - which is beloved to us) has prevented us from having direct borders. For now.
www.arabnews.com
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