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بوابة الشروق

2026-11-04T23:59:04.000Z

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Syria-Saudi $403M Loans

Syria-Saudi $403M Loans

Syria and Saudi Arabia signed six concessional development loan agreements worth more than $403 million in total during Syrian President Ahmed al-Sharaa’s visit to Riyadh. The agreements are intended to support recovery, rehabilitate infrastructure and improve basic services. The funding will go toward rehabilitating the Aleppo thermal power plant ($90 million), upgrading drinking-water metering ($30 million), establishing and rehabilitating Civil Defense centers ($105 million), repairing housing units ($60 million), health projects ($100 million), and the digital transformation of government financial services (more than $18 million). Among the projects, the power plant’s rehabilitation is expected to provide electricity to around five million people, while the installation of 300,000 smart water meters is expected to benefit around 1.5 million.

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