Syria and Saudi Arabia Sign Multibillion-Dollar Investment Deals to Boost Economy
Syria and Saudi Arabia have signed a series of multibillion-dollar investment agreements aimed at revitalizing Syria's economy, which has been severely impacted by years of conflict. The agreements include a major telecommunications project, a low-cost joint airline, and the development of an international airport in northern Syria. The telecommunications project, valued at nearly $1 billion, will be executed in two stages over 18 months to two years, with the goal of transforming Syria into an international telecommunications hub. This project, known as SilkLink, will involve laying thousands of kilometers of cables to enhance internet connectivity between Asia and Europe. Saudi Telecom Company (STC Group) will lead this initiative. Additionally, a new low-cost airline, Flynas Syria, will be established, and an investment fund will be launched to develop the Aleppo international airport, which is expected to serve 12 million passengers annually. 
