Saudi Fund for Development signs $403m deals for key projects in Syria
The Saudi Fund for Development has signed six agreements worth $403 million with Syria to support vital projects in health, education, housing, and utilities.
Key Takeaways
AISultan Al-Murshid, CEO of the Saudi Fund for Development, said that priorities for development projects in Syria were set in coordination with Syrian authorities, noting that the health, education, housing, energy, and water sectors are top priorities to restore normal life and meet the basic needs of the Syrian people.
In an interview with Al Ekhbariya TV, Al-Murshid explained that the fund has signed six agreements with Syria with a total value of $403 million to support development cooperation between the two countries. He noted that these include:
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$90 million allocated to rehabilitate the Aleppo thermal power plant, covering more than 25% of Syria’s electricity needs.
$30 million earmarked for developing drinking water generation projects.
$60 million dedicated to restoring and rehabilitating up to 10,000 damaged housing units.
$100 million directed to building and rehabilitating several hospitals.