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Saudi fund signs more than $403 million in development loans for Syria
Saudi Arabia has agreed to provide Syria with more than $403 million in development loans through its Saudi Fund for Development.
The fund and Syria’s finance ministry signed six agreements in the presence of Crown Prince Mohammed bin Salman and Syrian President Ahmad al-Shara.
The loans cover energy, water, health, housing, emergency services and digital government projects.
Plans include repairing the Aleppo power plant, upgrading water meters, rebuilding homes and improving hospitals.
The projects are expected to benefit millions of people and help restore basic services and infrastructure.
Saudi Arabia previously provided Syria with grants for crude oil supplies and part of public employees’ salaries for three months in 2025.
The Saudi Fund for Development signed six concessional loan agreements with Syria worth more than $403 million.
The agreements cover energy, water, civil defense, housing, healthcare and digital transformation projects.
They were signed in the presence of Saudi Crown Prince Mohammed bin Salman and Syrian President Ahmed Al-Sharaa.
The projects include rehabilitation of Aleppo’s thermal power plant, water meters, civil defense centers, homes, hospitals and Syria’s Ministry of Finance systems.
The agreements aim to restore essential services and infrastructure and improve living conditions in Syria.
- Who
- The Saudi Fund for Development and Syria’s Ministry of Finance signed the agreements.
- What
- They signed six concessional development loans worth more than $403 million for projects in Syria.
- When
- Thursday, November 5, 2026, according to Saudi Gazette. Other reports were published on November 4.
- Where
- Syria. The signing ceremony was held in the presence of officials; the precise venue is not stated.
- Why
- To support essential services, infrastructure rehabilitation and improved living conditions.
This story does not have two clearly opposing sides.
Saudi Arabia provided Syria two grants for crude oil supplies and part of government employees’ salaries for three months.
The Saudi Fund for Development signed six concessional development loan agreements with Syria worth more than $403 million.
- Total value
- More than $403 million
- Number of agreements
- 6 concessional development loans
- Power project
- $90 million to rehabilitate generating units at Aleppo Thermal Power Plant
- Water project
- $30 million for 300,000 smart water meters
- Civil defense
- $105 million for 25 centers
- Housing rehabilitation
- $60 million for up to 10,000 damaged homes
5 sources
Saudi Arabia signs $403 million development loan agreements to support Syria's reconstruction
Under the Guidance of the Custodian of the Two Holy Mosques and the Crown Prince: Saudi Development Fund Signs Six Development Agreements in Syria Worth Over $403 Million
السعودية تموّل مشروعات تنموية في سورية بأكثر من 403 ملايين دولار
الصندوق السعودي للتنمية يموّل مشاريع تنموية في سورية بقيمة تتجاوز 403 ملايين دولار