Thu Jul 24 11:25:32 UTC 2025: **FOR IMMEDIATE RELEASE**

**Saudi Arabia Pledges Billions in Investment to Rebuild Post-Assad Syria**

**DAMASCUS, Syria** – Saudi Arabia is significantly bolstering its support for the new Syrian government with a $2.9 billion investment in real estate and infrastructure projects, part of a larger $6.4 billion deal aimed at revitalizing the war-torn nation. Investment Minister Khalid al-Falih announced the initiative at a business forum in Damascus on Thursday, highlighting the Kingdom’s commitment to ushering in a new era for Syria after nearly 14 years of civil conflict.

The investment comes after the ouster of long-time ruler Bashar al-Assad last December and the rise of a new Syrian government, which Saudi Arabia has been a key backer of. A delegation of approximately 150 Saudi investors and representatives from both public and private sectors attended meetings in Damascus this week, underscoring the Kingdom’s dedication to exploring cooperation opportunities and forging agreements that promote sustainable development.

“This forum aims to enhance cooperation and serve the interests of our two brotherly peoples,” stated the Saudi Ministry of Investment on Tuesday.

This commitment builds upon earlier pledges, including a joint pledge with Qatar to settle Syria’s $15 million debt to the World Bank. Furthermore, US President Donald Trump recently formalized the dismantling of US sanctions on Syria, following earlier measures in May prompted by appeals from Saudi Arabia and Türkiye, signaling a broader international effort to reintegrate the country into the global economy.

However, the new government faces significant challenges in maintaining order and stability. Deadly clashes involving minority groups, particularly the recent violence in Suwayda province between Druze fighters and Bedouin tribes, have raised concerns about Syria’s stability. Israel’s intervention with air attacks, claiming to protect the Druze minority, further complicated the situation.

Despite these challenges, a US-brokered ceasefire between Israel and Syria, followed by a Syrian government-declared ceasefire in southern Syria, has held for several days. The government has also evacuated hundreds of Bedouin families trapped in Suwayda to nearby Deraa, demonstrating a commitment to protecting civilians amidst ongoing instability.

The $2.9 billion investment by Saudi Arabia represents a significant step towards rebuilding Syria and fostering long-term stability in the region.

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