In a significant economic move, Saudi Arabia has pledged $2.9 billion toward real estate and infrastructure development in Syria, aiming to help the country rise from the ashes of its prolonged civil war.
The announcement came during a high-profile investment conference in Damascus on Thursday, where Saudi Investment Minister Khalid al-Falih revealed that this contribution is part of a broader $6.4 billion package intended to support Syria’s post-conflict recovery.
Since the fall of Bashar al-Assad’s regime last December, Saudi Arabia has emerged as a key supporter of the newly established Syrian government. Earlier this week, a 150-member delegation of Saudi investors and officials convened in Damascus to explore joint development opportunities and sign key bilateral agreements.
The Saudi Ministry of Investment emphasized that the forum is designed to “open new doors for economic cooperation and advance sustainable development goals for both nations.”
Earlier in the year, Saudi Arabia and Qatar had also agreed to help Syria settle its $15 million debt to the World Bank, signaling a broader effort to reintegrate Syria into the global financial system.
International developments have also played a role. In recent weeks, former U.S. President Donald Trump officially lifted sanctions on Syria, clearing the path for foreign investment. He had previously rolled back several measures under pressure from allies like Saudi Arabia and Turkiye.
Despite renewed diplomatic efforts, Syria continues to face serious challenges. Recent ethnic clashes in the Suwayda region between Bedouin tribes and Druze communities triggered Israeli air raids and a temporary deployment of Syrian forces. Although a ceasefire was brokered with the help of the U.S., tensions remain high.
Hundreds of displaced families have been evacuated from the conflict zone by the Syrian Arab Red Crescent. Officials hope the new investment and international support will bring long-term stability to the war-torn nation.
"Edited and published by Veritas Global News to maintain accuracy and originality"
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