Syria is restoring its tourism presence by participating in the 60th ITB Berlin International Tourism Trade Fair, one of the world’s largest industry events, with a pavilion featuring the Ministry of Tourism and national travel and aviation companies.
Saudi Arabia-based flynas has signed an agreement with the Syrian General Authority of Civil Aviation and Air Transport to establish a new commercial airline under the name flynas Syria. Operations are scheduled to begin in the fourth quarter of 2026.
Leading Saudi companies and Syrian government entities signed a series of agreements covering aviation, communications, infrastructure, and development initiatives, during an official visit of a high-level Saudi delegation from the public and private sectors to Damascus.
Nissan Motor Corporation has announced its return to Syria, reigniting its long-standing partnership with Al Rakhaa Trading Limited, part of the Rakhaa Group, as its exclusive distributor in the market.
Saudi telco stc Group has secured the tender for the SAR3 billion ($800 million) Silklink project from the Syrian government that involves the setting up of a 4,500 km fibre-optic network across the country, as well as establishing data centres and international subsea cable landing stations.
Saudi utility giant Acwa has announced that its consortium with Water Transmission Company (WTCO) has been signed up by Syrian government to conduct preliminary studies for seawater desalination projects with a combined capacity of 1.2 million cu m per day along with related water transmission infrastructure.
Syria is set to introduce a new national currency starting January 1, the Governor of the Central Bank of Syria, Abdulkader Husarieh, announced on Thursday.
Under the supervision and follow-up of Saudi Arabia’s Ministry of Energy, four Saudi companies, TAQA, ADES Holding, Arabian Drilling, and the Arabian Geophysical and Surveying Company (ARGAS), signed agreements with the Syrian Petroleum Company covering services, technical support, and the development of oil and gas fields in Syria.
The Ministry of Energy in Syria signed the final concession agreements to build and operate of eight new power generation stations with a total capacity of 5,000 megawatts, with an international consortium led by Urbacon Holding, through its subsidiary Urbacon Concessions Investment, and in partnership with Kalyon G.I.S. Energy, Cengiz Energy, and Power International (USA).
AD Ports Group, a leading global enabler of trade, logistics, and industry, signed a Joint Venture and Shareholders agreement with France-based CMA CGM Group, a world leader in shipping and logistics, to acquire a 20% stake in the Latakia International Container Terminal (LICT) for AED81 million ($22 million).
