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Saudi Arabia Invests $1 Billion to Revitalize Syria's Economy

2/7/2026

Summary

Story summary

On February 7, 2026, Saudi Arabia signed investment agreements with Syria to revitalize the economy, including the Nas Syria airline and a $1 billion telecommunications project.
Saudi Arabia will invest 7.5 billion riyals to redevelop Aleppo International Airport and contract STC to build a fiber optics network.
The December 2024 lifting of U.S. sanctions enabled foreign investments into Syria and signaled a shift away from Iran under President Ahmed al-Sharaa.

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Story summary

On February 7, 2026, Saudi Arabia signed investment agreements with Syria to revitalize the economy, including the Nas Syria airline and a $1 billion telecommunications project.
Saudi Arabia will invest 7.5 billion riyals to redevelop Aleppo International Airport and contract STC to build a fiber optics network.
The December 2024 lifting of U.S. sanctions enabled foreign investments into Syria and signaled a shift away from Iran under President Ahmed al-Sharaa.