• Syria and Saudi Arabia signed agreements worth over $5 billion to bolster key sectors.
• The deals include a joint airline and extensive telecom infrastructure improvements.
• Saudi Arabia aims to support Syria's recovery by launching the Elaf Investment Fund.
• Key projects include the development of Aleppo's airports and the Silk Link telecom initiative.
• These agreements mark a significant shift in Syria's economic landscape post-civil war.

On February 7, 2026, Syria and Saudi Arabia signed a series of agreements worth approximately $5.3 billion in sectors vital to rebuilding the war-torn nation, including aviation, telecommunications, and water management, as both nations aim to strengthen their economic cooperation. The event took place in Damascus, attended by key officials such as Syrian President Ahmad al-Sharaa and Saudi Investment Minister Khalid Al-Falih, who emphasized the mutual commitment to advancing Syria's recovery, growth, and stability, according to aa and scmp.

The agreements include the establishment of a low-cost national airline, "Flynas Syria," and significant investments in telecommunications, particularly the ambitious Silk Link project, aiming for $1 billion to enhance the country's connectivity and digital infrastructure. These initiatives are seen as essential for integrating Syria back into international markets and improving internal infrastructure, as articulated by Talal al-Hilali of the Syrian Investment Authority, according to aa and aljazeera.

Notably, Saudi Arabia's support comes in the wake of lifted US sanctions, which previously hindered investment opportunities. This newfound access to international capital is pivotal for Syria as it embarks on reconstruction efforts following a devastating civil war. Al-Falih described the Elaf Fund as crucial for financing major projects, further emphasizing Saudi Arabia's role in Syria's recovery, according to indiatimes.

The Silk Link initiative aims to establish a comprehensive telecommunications framework, including extensive fiber-optic networks, enhancing both internet and digital connectivity in the region. The efforts signify a broader intent for both countries to collaborate extensively across multiple sectors, laying a foundation for economic revival and mutual benefit, as noted by various officials, including Syrian Minister of Communications Abdulsalam Haykal, according to aljazeera and indiatimes.

Overall, these agreements not only symbolize a significant advancement in Saudi-Syrian relations but also a critical step toward the stabilization and revitalization of Syria's economy after years of conflict. As both nations pursue a collaborative path forward, the success of these initiatives hinges upon effective implementation and overcoming historical challenges associated with Syria's political landscape, according to scmp and indiatimes.