Saudi Arabia and Syria concluded a group of “strategic” agreements in Damascus on Saturday, the most prominent of which is the establishment of a joint aviation enterprise called “Flynas Syria,” in addition to projects in the sectors of communications, water desalination and transportation, and development cooperation, and another to operate and develop the modern Syrian cable company, in this country that has been exhausted by years of civil war.

Published on: 02/07/2026 - 18:27

On Saturday, Saudi Arabia and Syria signed a group of “strategic” agreements in Damascus, including an agreement to establish a joint airline company, and another that includes the communications and water desalination sectors, in a country whose infrastructure is dilapidated due to a 14-year conflict.

Since the fall of the Assad regime more than a year ago, the two countries have announced their cooperation in the investment and economic fields, which resulted in the signing of agreements and memorandums of understanding worth billions of dollars, while the new authorities seek to restart the wheel of the economy and reconstruction in the wake of a war that depleted the country’s economy, after the lifting of American sanctions.

In this context, the head of the Syrian Investment Authority, Talal Al-Hilali, announced during the signing ceremony five agreements, including “an agreement to form a Syrian-Saudi economic airline that aims to strengthen the regional and international air link and facilitate the movement of travel and trade,” under the name “Flynas Syria.”

The agreement also includes developing the current Aleppo Airport and establishing a new airport in the governorate with a capacity of 12 million passengers, according to what Aleppo Governor Azzam al-Gharib said in a statement.

On the other hand, Saudi Investment Minister Khalid Al-Falih announced, during the signing ceremony, that these agreements constitute “an extension of a clear path based on clear directives and support whose details were drawn up in meetings” between the leaders of the two countries “to build a strategic partnership.”

The two parties also signed an agreement to establish the “Silk Link” project with the aim of “developing the communications infrastructure and digital connectivity,” according to Al-Hilali. Syrian Minister of Communications Abdul Salam Heikal explained, on the occasion, that the project is being implemented “with an investment of approximately one billion dollars in two phases extending between 18 and 48 months, and its operation and investment will begin successively.”

Also, the two parties signed an agreement to develop water desalination and transportation projects, an agreement for development cooperation, and another to operate and develop the Syrian Modern Cable Company, according to official media.

The Saudi Minister of Investment announced the launch of the “Elaf Saudi Investment Fund,” explaining that it is dedicated to investing in “major projects in Syria with the participation of the private sector” in the Kingdom.

For his part, the head of the Syrian Investment Authority considered that these agreements are “strategic” and “qualitative” and “target vital sectors that affect the lives of citizens and constitute basic pillars for rebuilding the Syrian economy.”

France 24/AFP

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