Syria, Saudi Arabia ink mega strategic agreements in Damascus

Syria, Saudi Arabia ink mega strategic agreements in Damascus
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Syria and Saudi Arabia signed on Saturday a series of mega strategic agreements in Damascus covering aviation, telecommunications, infrastructure and real estate, SANA news agency reported.

The ceremony was held at the People’s Palace and attended by Syrian President Ahmad al-Sharaa and Saudi Investment Minister Khalid Al-Falih.

The deals aim to strengthen telecommunications infrastructure, develop digital connectivity systems and shape a new phase of partnership based on mutual trust and respect.

The parties would sign what is described as the world’s largest water agreement under the sponsorship of Saudi firm ACWA Power.

Earlier on Saturday, a Saudi economic delegation led by Al-Falih arrived in the Syrian capital to announce the strategic contracts as part of efforts to boost investment and economic cooperation.

Saudi Arabia has been among the region’s most supportive states of Syria’s new administration since the ouster of the Assad regime, and the two countries have intensified high-level exchanges and signed multiple agreements, particularly in the economic sphere, to support Syria’s reconstruction.