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الاقتصادية
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الاقتصادية

2026-11-05T01:10:00.000Z

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Saudi $403M Syria Fund

Saudi $403M Syria Fund

The Saudi Fund for Development and Syria’s Ministry of Finance signed six concessional development loan agreements worth more than $403 million, in the presence of Saudi Crown Prince Mohammed bin Salman and Syrian President Ahmed al-Sharaa. The funding is allocated as follows: $90 million to rehabilitate the Aleppo Thermal Power Plant; $30 million to upgrade the water system; $105 million to build and equip 25 civil defense centers; $60 million to rehabilitate housing; $100 million to support the health sector; and more than $18 million for the digital transformation of the Ministry of Finance. The projects include installing 300,000 smart water meters and rehabilitating up to 10,000 housing units. They aim to improve essential services and infrastructure and strengthen emergency response.

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