Saudi Arabia has announced a significant investment of $6.4 billion in post-civil war Syria, further deepening its relationship with the new government led by President Ahmed al-Shara. The investments were unveiled at a forum attended by over 100 Saudi investors in Damascus.
The deals include nearly $3 billion for infrastructure projects and around $1 billion for telecommunications. The move is seen as a major economic boost for Mr. al-Shara’s government, which faces significant challenges rebuilding the country after a 14-year civil war.
Under the new leadership, Syria has shifted its alignment away from Iran and towards Gulf states, including Saudi Arabia. This shift has led to increased regional investment in the country. The announcement comes amid other developments, such as Qatar’s $7 billion electricity-sector deal with Syria and the signing of an $800 million agreement with DP World.
The investments also mark a significant gesture of support for Syria’s new government from Saudi Arabia, which had previously faced criticism for its stance on the Syrian conflict. With most US sanctions against Syria lifted by President Trump last month, this move is seen as a positive step towards rebuilding and economic recovery in the country.
Source: https://www.nytimes.com/2025/07/24/world/middleeast/saudi-investment-syria.html