Syria and Saudi Arabia sign multibillion-dollar investment deals

Elaf fund will finance projects with buy-in from Saudi investors committing $2bn for two airports in Aleppo city.

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Syria and Saudi Arabia have signed a major investment package spanning aviation, energy, real estate and telecommunications as Damascus’s new leadership seeks to rebuild after a devastating 14-year civil war.

Syrian Investment Authority chief Talal al-Hilali announced a swath of deals on Saturday, including the development of a new international airport in Aleppo, the launch of a low-cost Syrian-Saudi airline, and a telecommunications project called SilkLink aimed at turning the country into a regional hub.

Syria and Saudi Arabia sign multibillion-dollar investment deals

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