EconomyRegion

Saudi Arabia allocates more than $403 million for Syria reconstruction

The Saudi Arabian State News Agency (SANA) reported that the country’s Development Fund has signed six agreements with the Syrian Ministry of Finance to provide preferential government loans worth a total of more than $403 million.

These resources will be allocated to implement projects in the energy, water supply, health, housing, and digital transformation sectors.

The agreements were signed by Sultan Al-Murshed, head of the Saudi Fund for Development, and Syrian Finance Minister Mohammed Yasser Barniah, in the presence of Saudi Crown Prince Mohammed bin Salman and Syrian Interim President Ahmed Al-Sharaa.

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