Saudi Arabia signs $403m loan agreements to support Syria reconstruction
Six development projects targeting energy, water, health and infrastructure sectors were agreed during high-level talks in Riyadh.
At a glance
- Six development loan agreements worth $403 million signed between Saudi Fund for Development and Syria
- $90 million project to rehabilitate Aleppo Thermal Power Plant, benefiting approximately 5 million people
- $30 million agreement to install 300,000 smart water meters across Syria
- Projects target energy, water, health, housing, infrastructure and digital transformation sectors
The Saudi Fund for Development signed six concessional loan agreements worth more than $403 million with Syria on Thursday to support reconstruction across key sectors. The agreements were signed by the SFD chief executive and Syria's finance minister in the presence of Saudi Arabia's Crown Prince and Prime Minister and Syrian President Ahmed Al-Sharaa.
The projects include a $90 million initiative to rehabilitate generating units at the Aleppo Thermal Power Plant, expected to benefit approximately five million people by restoring electricity generation capacity. A separate $30 million agreement will support modernisation of Syria's drinking water metering system through installation of 300,000 smart meters, benefiting around 1.5 million people across several governorates.
Why it matters
The agreements represent significant financial support for Syria's reconstruction efforts across critical infrastructure and essential services needed to restore living conditions.
Original reporting
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