In a landmark shift toward regional reintegration, Saudi Arabia has signed investment and partnership agreements worth $6.4 billion with Syria to support reconstruction efforts in the war-torn nation.
The deals, unveiled at the Syrian-Saudi Investment Forum in Damascus, mark one of the largest foreign commitments to Syria’s rebuilding since the end of its 14-year civil war.
Saudi Investment Minister Khalid Al-Falih announced the signing of 47 agreements and memoranda of understanding, targeting critical sectors including infrastructure, telecommunications, finance, and agriculture.
Of the total, 11 billion riyals ($2.9 billion) will fund infrastructure development, including three new cement plants, while 4 billion riyals ($1.07 billion) will go to enhancing cybersecurity and telecom infrastructure.
Interim Syrian President Ahmed al-Sharaa and Economy Minister Mohammed al-Shaar hailed the forum as a “historic milestone” in Syrian-Saudi relations.
This follows the lifting of U.S. sanctions by President Donald Trump, aimed at reviving Syria’s economy and reintegrating it into the international fold. The UN estimates that rebuilding Syria could cost over $400 billion.
Earlier this year, Syria also secured a $7 billion energy deal with a Qatari-Turkish-American consortium to jumpstart its battered electricity sector.
