Saudi Arabia pours $6.4 billion into Syria: What it means
47 agreements to be signed during the conference (Photo: Getty Images)
Saudi Arabia has announced a $6.4 billion investment package in Syria, marking a major deepening of ties with the government of interim President Ahmed al-Sharaa, according to Reuters.
The deals were unveiled Thursday by Saudi Investment Minister Khalid al-Falih during a forum in Damascus. The funding signals substantial financial backing for al-Sharaa’s efforts to restore control over Syria after 14 years of civil war.
The announcement comes as Syria faces renewed sectarian violence in the country’s southwest this month, underscoring the fragile state of the region. The Saudi investment is viewed as part of Riyadh's broader strategy to support post-war reconstruction and regional stability.
Saudi Investment Minister Khalid al-Falih revealed that the $6.4 billion investment package into Syria includes $2.93 billion for real estate and infrastructure projects and about $1.07 billion for the telecommunications and information technology sectors.
Among the companies involved are:
- Saudi Telecom Company (STC) and GO Telecom;
- digital security company Elm;
- cybersecurity firm Cipher;
- Classera (educational technology).
Al-Falih announced that 47 agreements will be signed during the conference, with participation from over 100 companies.
The event, originally scheduled for June but postponed due to the Iran-Israel conflict, also saw the launch of a Saudi-Syrian Business Council. The visit was made under direct orders from Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler.
According to Reuters, Al-Falih described the visit as a reaffirmation of the kingdom’s firm and supportive stance toward the brotherly nation of Syria.
Syria rejoins the international stage
On June 30, US President Donald Trump signed an executive order lifting sanctions on Syria that had been in place since 2004, marking a significant shift in Washington’s policy and signaling Damascus’s gradual return to the international arena.
