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Saudi Arabia and Syria signed a major investment package valued at $5.3 billion. The agreements cover key sectors, including plans for a joint airline and a telecommunications project. This move represents a significant deepening of economic ties between the two countries and is seen as support for Syria's current leadership.
Separately, SunExpress, a joint venture between Turkish Airlines and Lufthansa, is preparing to begin commercial flights to Syria in March. This development marks a step in reconnecting Syria with international air travel, following a period of isolation due to the country's long-running conflict.
3 topics | 21 sources
2 topics | 31 sources
Feb 7
Saudi Arabia invests billions in Syria as SunExpress prepares to resume flights, signaling Syria's economic reintegra...Saudi Arabia has signed a major $5.3 billion investment package with Syria, covering sectors including a joint airline and telecommunications. In parallel, SunExpress, a joint venture between Turkish Airlines and Lufthansa, is preparing to begin commercial flights to Syria in March, marking a significant step in reconnecting Syria with international markets. These developments represent coordinated efforts to reintegrate Syria into the regional and global economy through both direct investment and restored transportation links.