$1 Billion for Syria’s Internet? Saudi Arabia’s Historic Telecom Deal SilkLink, New Joint Airline Push Explained - The Times of India

S-Oil signs $3.7 bil. deal with SABIC for polyethylene exports

S-Oil Corp., Korea's third-largest oil refiner by sales, said Monday it has signed a 5.5 trillion won ($3.7 billion) agreement with Saudi Basic Industries Corp. (SABIC) to cooperate on exports of polyethylene (PE) products. Under the five-year deal, which runs through December 2030, SABIC will handle the global marketing of PE products produced by S-Oil, the company said in a press release. SABIC is an affiliate of Saudi Aramco, which holds a 63…

$1 billion for Syria’s Internet? Saudi Arabia’s historic telecom deal SilkLink, new joint airline push explained - The Times of India

Syria and Saudi Arabia inked major economic pacts recently, launching a joint airline and a $1 billion telecoms project to rebuild war-torn Syria. These agreements aim to boost regional connectivity, enhance digital infrastructure and attract vital foreign investment, signalling a significant shift in the nation's post-conflict recovery and deepening bilateral ties.

Syria and Saudi Arabia sign major investment package

The government in Damascus and the kingdom signed a series of agreements in key areas, including telecommunications and aviation. Syria is looking to strengthen its economy after years of civil war.

Saudis Announce New Investments in Syria, a Sign of Deepening Ties

Saudi and Syrian officials announced deals ranging from aviation to telecommunications, offering a much-needed boost to Syria’s battered economy.