Saudi Arabia Set to Announce Major New Syria Investments

Saudi Arabia set to announce major new Syria investments

Saudi Arabia will invest in a new private Syrian airline as part of a multi-billion-dollar investment package expected to be announced on Saturday, the head of the Syrian Investment Authority said, reflecting Riyadh's deepening ties to Damascus. The latest planned investments will mark the largest such announcement since the United States lifted a tough set of sanctions on Syria in December. The sanctions had been a significant obstacle to Syria…