DAMASCUS, Syria (AP) — Syria and Saudi Arabia introduced 47 funding agreements, valued at over $6 billion, in Damascus on Thursday, marking a big step in rebuilding Syria’s war-battered economy.
The agreements signed on the Syrian-Saudi Funding Discussion board cowl a variety of sectors, together with actual property, telecommunications and finance. The deliberate tasks embrace housing, the reconstruction of war-damaged areas, the event of tourism, medical and leisure websites, skyscrapers, and three new cement factories.
Syrian Minister of Info Hamza al-Mustafa stated the offers are anticipated to create round 50,000 direct and 150,000 oblique job alternatives.
Saudi Arabia has been strongly supportive of the interim government in Syria led by former rebel commander President Ahmad al-Sharaa because the fall of former President Bashar Assad in a lightning insurgent offensive.
The nation faces main financial and social challenges. The United Nations in 2017 estimated that it could price at the very least $250 billion to rebuild Syria after years of civil warfare. Some specialists now say that quantity may attain at the very least $400 billion.
The Saudi offers come as a political enhance to Syria’s interim authorities at a second when the nation is reeling from a new round of sectarian violence that broke out within the southern province of Sweida earlier this month.
Clashes broke out on July 13 between Sunni Muslim Bedouin clans and armed teams of the Druze religious minority, and authorities safety forces who intervened to revive order ended up siding with the Bedouins.
Members of the safety forces allegedly killed Druze civilians and looted and burned houses. Druze armed teams later launched revenge assaults on Bedouin communities. Israel additionally intervened, launching strikes on convoys of presidency forces and on the Syrian Protection Ministry headquarters in Damascus, which Israeli officers stated had been in protection of the Druze non secular minority.
Tons of have been killed, and the U.N. says greater than 130,000 folks have been displaced. The preventing has stopped as a ceasefire takes maintain, however tensions stay excessive and the violence has additional shaken the belief of non secular minorities within the new authorities.
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