Saudi Fund for Development signs $403m deal for Syrian projects
Saudi Arabia’s development fund will finance over $403 million in projects across energy, health, housing and infrastructure sectors in Syria.
The Saudi Fund for Development has signed six agreements worth over $403 million with Syria's Ministry of Finance to fund various development projects across the country. The projects encompass energy, water, health, housing, infrastructure, and digital transformation sectors, with the aim of improving living conditions and essential services for Syrians.
Key initiatives include rehabilitating the Aleppo thermal power plant, upgrading the drinking water metering system, constructing civil defense centers, repairing damaged housing units, and modernizing hospitals and health centers. The agreements, signed by the Saudi Fund's CEO and the Syrian Minister of Finance, reflect Saudi Arabia's commitment to supporting Syria's development and enhancing the quality of life for its citizens.
Brief written by urgent.news from Ajel English's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Saudi, Syrian defence ministries sign cooperation agreement middleeasteye.net
- Saudi, Syrian defence ministries sign cooperation agreement, SPA reports al-monitor.com
