Saudi Arabia pledges $6.4bln investment for Syria
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Saudi Arabia commits $6.4 billion to Syria’s reconstruction, signaling deepening ties with President Ahmad al-Sharaa’s interim government.
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Saudi Investment Minister Khalid al-Falih speaks at the Syrian-Saudi Investment Forum in the Syrian Presidential Palace, Damascus, Syria, on July 24, 2025 (AP)
Saudi Arabia revealed on Thursday a substantial $6.4 billion investment plan in Syria, signaling the kingdom's growing engagement with the interim government led by President Ahmad al-Sharaa, as part of broader efforts to support the reconstruction of Syria following a devastating 14-year war.
The agreements, announced by Saudi Investment Minister Khalid al-Falih during a forum in Damascus, represent a significant economic lifeline for President al-Sharaa, who has been working to consolidate his authority over Syria amid ongoing challenges, including recent sectarian clashes in the country's southwestern region earlier this month.
Mohammad Bin Salman instructs trip
During his visit to Syria, al-Falih stated that the trip had been directly instructed by Saudi Arabia's Crown Prince and de facto leader, Mohammad bin Salman, emphasizing that the high-level engagement served as a clear demonstration of the kingdom's unwavering commitment to supporting Syria, which he referred to as a "sisterly nation".
Al-Falih said the investment deals included $2.93 billion for real estate and infrastructure projects and about $1.07 billion for the telecommunications and information technology sector. The participating businesses in these investment plans include major Saudi companies such as telecommunications providers Saudi Telecom Company (STC) and GO Telecom, along with digital security firm Elm, cybersecurity company Cipher, and education technology specialist Classera.
The Saudi minister additionally announced that 47 agreements would be signed during the conference, involving participation from more than 100 companies.
During the event, al-Falih revealed the formation of a Saudi-Syrian Business Council, originally planned for June but postponed due to regional tensions, while highlighting Riyadh's continued support for al-Sharaa's regime since the ouster of Bashar al-Assad.
