Saudi Fund for Development Allocates Over $403 Million to Rebuild Syria’s Critical Infrastructure and Public Services

RIYADH: The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth more than $403 million with Syria’s Ministry of Finance. The financing is targeted at critical sectors including energy, water, health, housing, infrastructure, and digital transformation, the Saudi Press Agency reported on Thursday.

The agreements were signed by SFD Chief Executive Officer Sultan Al-Marshad and Syrian Finance Minister Mohammed Yisr Barnieh, in the presence of Saudi Crown Prince Mohammed bin Salman and Syrian President Ahmed Al-Sharaa, according to the SPA.

The comprehensive financial package is designed to address essential service deficits and support long-term recovery across several key areas:

• Energy Sector ($90 Million): A project to rehabilitate generating units at the Aleppo Thermal Power Plant, aiming to restore electricity generation capacity, support industrial activity, and benefit approximately five million people.
• Water Infrastructure ($30 Million): Funding for the modernization of drinking water services, which includes the supply and installation of 300,000 smart water meters to benefit around 1.5 million citizens across multiple governorates.
• Civil Defense ($105 Million): Allocation for the construction, rehabilitation, and equipping of 25 civil defense centers nationwide to bolster emergency response, disaster management, and debris removal capabilities, benefiting over seven million people.
• Housing and Reconstruction ($60 Million): Dedicated to rehabilitating up to 10,000 damaged housing units across the country to support social stability and reconstruction efforts.
• Healthcare ($100 Million): Financing for the rehabilitation, construction, and equipping of hospitals and medical centers to restore specialized services and ease the burden on existing facilities.
• Digital Transformation ($18 Million): Support for the digital transformation and institutional development of Syria’s Ministry of Finance through an integrated system to enhance the efficiency, transparency, and quality of government financial services.

The initiatives underscore Saudi Arabia’s commitment to improving living conditions, rebuilding essential infrastructure, and helping Syrian communities regain access to sustainable basic services.

This latest package follows previous aid provided in September 2025, where the SFD extended two grants to Syria to finance crude oil supplies and cover a portion of government employees’ salaries for three months.

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