Saudi Arabia plans $4B in Syrian investments

A large delegation of Saudi officials and businesspeople descended on Damascus, on Wednesday, poised to sign investment deals worth around $4 billion.

Jack Dutton
Jack Dutton
Jul 23, 2025
yrian Foreign Minister Asaad al-Shaibani (R) receives his Saudi counterpart, Faisal bin Farhan, in Damascus on Jan. 24, 2025.

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A large delegation of Saudi officials and businesspeople — including some 120 investors — descended on the Syrian capital, Damascus, on Wednesday, poised to sign investment deals worth around $4 billion. On Monday, Turkey also moved to cancel a more than five-decade-old oil pipeline agreement with Iraq. All that and more in this week’s newsletter.

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