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).
The Syrian Ministry of Tourism and the Arab Tourism Organisation (ATO) signed an executive programme at the ATO's headquarters in Jeddah. The agreement aims to develop and enhance Syrian tourism, attract sustainable investments, and improve sector quality
DP World has announced that it has begun operations at Tartus Port following a formal handover from the Syrian General Authority for Land and Sea Ports and also welcomed the new harbour tug Al Fath into service.
Dana Gas, the Middle East’s private sector natural gas company, has signed a Memorandum of Understanding (MoU) with the Syrian Petroleum Company (SPC) to explore the potential for the redevelopment and expansion of several natural gas fields across central Syria.
Air Arabia, Abu Dhabi’s first low-cost carrier, has announced the launch of its new non-stop flights from Abu Dhabi to the Syrian capital, Damascus, with three weekly flights starting October 28, 2025.
