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Saudi Arabia and Syria Sign $5.3 Billion Agreements in Aviation, Telecommunications, and Water Sectors

WATER INFRASTRUCTURE & DESALINATION

Saudi Arabia and Syria have signed five agreements totaling $5.3 billion aimed at enhancing investment and cooperation in aviation, telecommunications, and water sectors. The agreements, signed in Damascus, focus on developing infrastructure, establishing a new airline, and launching the Elaf Fund for major projects.

Key initiatives include modernizing communications, improving digital connectivity, and constructing a seawater desalination plant. The partnerships are expected to position Syria as a regional hub for data transit and international connectivity.

Saudi Arabia and Syria Sign $5.3 Billion Agreements in Aviation, Telecommunications, and Water Sectors
Feb 8, 2026, 7:13 AM

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