Business & Economics
Riyadh Launches $5B+ Aleppo-Centric Reconstruction Blitz in Syria
On 7 Feb 2026, Damascus and Riyadh inked roughly $5.3 billion in binding contracts—including a $2 billion Elaf Fund for Aleppo’s airports and a $1 billion SilkLink fiber network—marking the first large, post-sanctions capital surge into post-Assad Syria.
Focusing Facts
- SilkLink: Saudi Telecom will spend nearly $1 billion to lay thousands of kilometers of fiber within 18–24 months, turning Syria into an Asia-Europe data transit corridor.
- Elaf Fund pledges 7.5 billion riyals (~$2 billion) to overhaul Aleppo’s existing airport and build a new one designed for 12 million passengers a year.
- Flynas Syria, 51 % Syrian/49 % flynas, targets first flights in Q4 2026.
You've read the facts. The perspectives are behind this line.
Perspectives in this article
- Gulf and regional state-aligned media
- Western mainstream press
- Independent and analyst-driven outlets