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Saudi Arabia advanced several major domestic economic initiatives. The Public Investment Fund is preparing to announce a revamped strategy, while a subsidiary of a training company signed a 67.5 million riyal contract with the Saudi Foreign Ministry. The country's railway system reported record operational figures for 2025, carrying 14 million passengers and 30 million tonnes of freight. Saudi Arabia is also set to host a conference for emerging market economies in AlUla.
In a significant regional economic move, Saudi Arabia signed a major investment package with Syria worth billions of dollars. The agreements cover several key sectors, including plans for a joint airline and a telecommunications project, aimed at boosting Syria's economy. Separately, Saudi Arabia and Turkey signed new agreements to deepen their strategic partnership. The deals include a $2 billion Saudi investment in Turkish solar energy projects and potential joint investment in Turkey's Kaan fighter jet program, announced during an investment forum in Riyadh.
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Feb 9 — Feb 12
Saudi Arabia signs multibillion-dollar investment deals with SyriaSaudi Arabia has signed a major investment package with Syria worth billions of dollars. The agreements cover several key sectors, including plans for a joint airline and a telecommunications project. This represents a significant economic move between the two countries. The deals are aimed at boosting Syria's economy.
Feb 10
Saudi Arabia announces new economic projects and a strategy reviewSaudi Arabia is moving forward with several major economic initiatives. A subsidiary of a training company signed a 67.5 million riyal contract with the Saudi Foreign Ministry, and the country's sovereign wealth fund is reportedly preparing to announce a revamped strategy. Separately, Saudi Arabia Railways reported record numbers for 2025, carrying 14 million passengers and 30 million tonnes of freight. The country is also set to host a conference for emerging market economies in AlUla next week.