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2026-11-04T20:41:03.734Z

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Saudi Loans Syria $403M

Saudi Loans Syria $403M

The Saudi Fund for Development and Syria’s Ministry of Finance signed six soft-loan agreements in Riyadh worth more than $403 million to finance projects in electricity, water, health, housing and emergency services, as well as the digital transformation of government financial services. A total of $105 million was allocated to civil defense centers, $100 million to health, $90 million to electricity, $60 million to housing, $30 million to water, and more than $18 million to digital transformation. The projects include rehabilitating 25 civil defense centers, improving electricity, water and health services, and rehabilitating up to 10,000 housing units. Syria’s finance minister said the total value of projects planned in cooperation with the fund was $1.5 billion.

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