Feb 7 β€’ 15:16 UTC πŸ‡©πŸ‡° Denmark DR Nyheder

Saudi Arabia will invest in Syria

Saudi Arabia is prepared to support Syria with significant investments, including funding for airports and establishing a joint airline.

Saudi Arabia has announced its readiness to invest in Syria, as stated by the country’s investment minister, Khalid al-Falih, in an interview with Reuters. Among the planned investments is an allocation of 12.6 billion Danish kroner for the construction of two airports in Aleppo, a city that has endured significant destruction from past conflicts. In addition to infrastructure, the two nations are set to create a joint airline, with Syria holding a 51 percent stake in the company, named Flynas Syria.

Moreover, Saudi Arabia's investment strategy extends beyond aviation as they plan to develop sectors like energy and telecommunications within Syria. This move reflects a broader intent to stabilize and rebuild the war-torn nation, providing much-needed economic support. By establishing these ventures, Saudi Arabia aims to strengthen its influence in the region while addressing Syria's pressing needs for reconstruction and development.

The backdrop of these investments is intricate, as Saudi Arabia has actively supported Syria’s current president, Ahmed al-Sharaa, after a rapid takeover in December 2024 when he ousted long-time leader Bashar al-Assad, backed by the rebel group Hayat Tahrir al-Sham. This new partnership may signal a shift in regional dynamics, possibly reshaping alliances and influencing ongoing conflicts in the Middle East.

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