Saudi Arabia and Syria have signed agreements that include the establishment of a joint airline and a $1 billion telecommunications development project. These deals come as Syria aims to rebuild its infrastructure after years of conflict. The agreements were announced by officials on Saturday.
The new Syrian authorities, who came to power in December 2024, have been actively seeking foreign investment to support reconstruction efforts. Saudi Arabia, which has historically supported Syria’s Islamist leadership, has recently engaged in several major economic agreements with Damascus.
**Why this matters**
These agreements signal a shift in regional relations and economic cooperation following the easing of sanctions on Syria. The projects could play a significant role in Syria’s recovery and reintegration into the international community after years of isolation and conflict.
Source: NewsData