Saudi Arabia, Syria sign telecom and airline deals as sanctions lift

Feb 7, 2026 | INVESTING

Syria and Saudi Arabia signed deals on Saturday that include a joint airline and a US$1 billion project to develop telecommunications, officials said, as Syria seeks to rebuild after years of war.
Saudi Arabia has been a major backer of Syria’s Islamist authorities who took power after toppling long-time ruler Bashar al-Assad in December 2024.
The new authorities in Damascus have worked to attract investment and have signed major agreements with several companies and governments, including Saudi…

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