Syria and Saudi Arabia Sign Economic Deals
Syria and Saudi Arabia signed new agreements recently. The deals cover phone and internet services and aviation.
Saudi investors promised $2 billion for two airports. The airports will be built in Aleppo, Syria.
The Elaf fund, a Saudi investment fund, will finance the airports. Syria wants to strengthen its economy after civil war.
Klear Note — Syria's civil war ended recently, leaving the economy damaged. Saudi Arabia is now investing to help rebuild the country.
Key Terms 2
- Elaf fund A Saudi investment fund that provides money for large projects.
- civil war A war fought between groups within the same country.