Syria and Saudi Arabia have made a major breakthrough in their relations, signing several billion-dollar investment deals aimed at rebuilding the war-torn country. The agreements, announced by Syrian Investment Authority chief Talal al-Hilali, cover various sectors including aviation, energy, real estate, and telecommunications.
At the forefront of these initiatives is the development of two new airports in Aleppo city, which will be financed through the Elaf fund, a major investment vehicle backed by Saudi private-sector investors. The deal, worth $2 billion (7.5 billion riyals), is seen as a significant boost to Syria's economy.
Saudi Arabia has been a key backer of Syria's new leadership since the overthrow of President Bashar al-Assad in December 2024. This latest agreement marks the biggest investment package since US sanctions were lifted on the country in December.
The Elaf fund, which aims to finance large-scale projects with participation from Saudi investors, will also invest heavily in telecommunications infrastructure, aiming to lay thousands of kilometers of cable to boost connectivity between Asia and Europe. The project is seen as a vital step in rebuilding Syria's economy.
Meanwhile, a new low-cost airline called "Flynas Syria" has been launched by Saudi budget carrier Flynas and the Syrian Civil Aviation Authority. The airline, which will be 51 percent owned by the Syrian side, is set to start operations in the fourth quarter of 2026.
The government has also signed an agreement with ACWA Power, a leading Saudi company in power generation and desalinated water production plants, on a major water project.
While some experts have hailed the agreements as a significant step towards rebuilding Syria's economy, others have expressed caution, warning that these deals are more about sending a political signal than generating economic benefits in the short term.
At the forefront of these initiatives is the development of two new airports in Aleppo city, which will be financed through the Elaf fund, a major investment vehicle backed by Saudi private-sector investors. The deal, worth $2 billion (7.5 billion riyals), is seen as a significant boost to Syria's economy.
Saudi Arabia has been a key backer of Syria's new leadership since the overthrow of President Bashar al-Assad in December 2024. This latest agreement marks the biggest investment package since US sanctions were lifted on the country in December.
The Elaf fund, which aims to finance large-scale projects with participation from Saudi investors, will also invest heavily in telecommunications infrastructure, aiming to lay thousands of kilometers of cable to boost connectivity between Asia and Europe. The project is seen as a vital step in rebuilding Syria's economy.
Meanwhile, a new low-cost airline called "Flynas Syria" has been launched by Saudi budget carrier Flynas and the Syrian Civil Aviation Authority. The airline, which will be 51 percent owned by the Syrian side, is set to start operations in the fourth quarter of 2026.
The government has also signed an agreement with ACWA Power, a leading Saudi company in power generation and desalinated water production plants, on a major water project.
While some experts have hailed the agreements as a significant step towards rebuilding Syria's economy, others have expressed caution, warning that these deals are more about sending a political signal than generating economic benefits in the short term.
. Billion-dollar investment deals can be good for the economy, but let's not get too hyped here 
. It's only $2 billion out of who knows how much that Syria needs to rebuild its entire country 
. And these deals are more like a PR move than actual economic growth 
. I mean, what's the real plan for all this money? And what about the Syrian people? How will they benefit from all these new airports and water projects? 
Let's see how it plays out before we start celebrating 
. The fact that they're committing billions of dollars to major projects like airports, energy, real estate, and even telecommunications is a big deal 
. I'm also loving the new low-cost airline, Flynas Syria, it's gonna make traveling a lot easier for Syrians and tourists alike 
. However, I do get why some experts are skeptical about these deals being more of a political move than an economic one 
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This deal between Syria and Saudi Arabia is super promising for Syria's economy! The investments in airports, energy, real estate, and telecoms are gonna give the country a major boost. And it's awesome that they're focusing on building a new low-cost airline 
Flynas Syria - who wouldn't want cheaper flights to/from Aleppo? But I agree with some experts that these deals might be more about sending a positive message than generating quick economic gains... still, it's a great start! The Elaf fund is looking like a game-changer. I wonder if they'll make a difference in the long run 
The new airport in aleppo is gonna be huge for tourism and trade, and 2 billion dollars is a serious investment 
Either way, it's awesome to see saudi arabia taking a leading role in helping out 
$2 billion for new airports might seem like a lot, but have you seen how many refugees are still living in Syria? 
and I'm still trying to process everything 
. Like, have you guys tried this new ramen place downtown? It's literally life changing 
! Anyway, back to Syria and Saudi Arabia... I don't really get why they're making such a big deal about investing in airports when we have so many issues with our own airport system here 
But seriously, I guess it's all good news for Syria's economy. They'll finally have some decent airports to show off, maybe even some decent flights to take people to Turkey who are tired of Aleppo 
. And hey, a new low-cost airline? That's just what the doctor ordered – more cheap air travel for war-torn countries! 
️ But let's be real, if this is all about sending a political signal... well, at least the politicians can have something to brag about, right? 
And what's up with the ownership structure of Flynas Syria - 51% owned by Syria? That seems like a pretty sweet deal... are they trying to exert control over the airline or is it just a way to promote tourism? 
! $7.5 billion investment deal is massive 
! Elaf fund and ACWA Power projects are big wins too 
. Some experts be like "wait and see" but I'm hyped about this new start for Syria 
And 51% ownership for Flynas Syria... sounds like they're just using it as a PR stunt to whitewash their image. 
, Syria and Saudi Arabia are finally doing something to rebuild their country after all those years of conflict 
. I mean, $7.5 billion is a pretty big chunk of change 
. It's gonna be interesting to see how this all plays out in the fourth quarter of 2026... I'm thinking Flynas Syria is gonna be a game changer for low-cost flights 
. What do you guys think?
. but hey, $2 billion is $2 billion, right? 
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