Saudi Arabia has announced a significant investment package in Syria, committing $2 billion to develop infrastructure in the war-torn country. This initiative, known as the Elaf Fund, is set to finance the development of two airports in Aleppo over multiple phases, as reported by the Daily Times and Business Recorder. Saudi Investment Minister Khalid al-Falih highlighted that this fund aims to support Syria's new leadership and boost post-war reconstruction efforts. The investment is part of a broader strategy to enhance economic ties with Syria following the lifting of U.S. sanctions in December 2024, which had previously hindered foreign investment. The Times of Israel notes that this move marks the largest investment announcement since the sanctions were lifted.
INVESTMENT
Saudi Arabia Announces $2 Billion Investment Fund for Syria

Saudi Arabia invests $2B in Syria, funding Aleppo airports and telecom projects. This boosts ties post-sanctions, with flynas launching 'flynas Syria' airline. Optimism grows for Syria's revival.
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Daily Times
Updated 4h agoGB
Geo Business
Updated 6h agoBR