Syria Discusses $1.5 Billion Funding with Saudi Arabia, Prepares to Sign First Package
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Syria discusses $1.5 billion funding with Saudi Arabia, prepares to sign first package
Syria is discussing with Saudi Arabia the funding of projects worth about $1.5 billion, aiming to sign the first $406 million package soon. Saudi funds target energy, health, and infrastructure sectors.
Damascus - Arab Jerusalem: The Syrian Ministry of Finance announced the approval of the board of directors of the Saudi Fund for Development, granting Damascus soft loans to finance six projects worth $406 million, as a first step, in the context of funding talks amounting to $1.5 billion. Over the past three days, on the margins of its participation in the annual meetings of the International Monetary Fund and the World Bank Group in Bangkok, […
Direct economy: The Syrian Government is exploring with Saudi Arabia the financing of projects worth up to $1.5 billion in the coming months, while Damascus is preparing to sign the first $406 million funding package in days, as part of its efforts to rebuild the Syrian economy and resume cooperation with ...
Syria, together with Saudi Arabia, is looking to finance projects of about $1.5 billion in the coming months, as it is preparing to sign the first $406 million package in days, in conjunction with Damascus's movements to resume funding from international institutions and attract investment to contribute to the reconstruction of the economy after the years of war. Syrian Finance Minister Mohamed Sir Bernia said, in an interview with colleague Nur…
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