Syria and Saudi Arabia finalize investment agreements

Syria and Saudi Arabia have signed a significant investment agreement to rebuild Syria post-civil war, with the new Elaf fund committing $2bn to develop two airports in Aleppo. The initiative includes launching a low-cost airline and a telecommunications project aimed at enhancing connectivity. Saudi Arabia’s backing underscores its support for Syria’s new leadership since the ousting of Bashar al-Assad in December 2024. However, experts caution that while the deals are politically significant, their immediate economic impact may be limited.