Pakistan, Feb. 8 -- Saudi Arabia announced a major investment package in Syria on Saturday, targeting energy, aviation, real estate, and telecoms. The kingdom aims to support Syria's new leadership and boost post-war reconstruction.

Saudi Arabia launched the Elaf Fund, committing 7.5 billion riyals ($2 billion) to develop two airports in Aleppo over multiple phases. Investment Minister Khalid al-Falih said the fund will also attract private-sector Saudi investors for large-scale projects.

Read more: Saudi Arabia commits $6.4 billion to rebuild war-torn Syria

In civil aviation, Saudi budget airline flynas and the Syrian Civil Aviation Authority signed a deal to launch "flynas Syria." The joint venture will be 51% Syrian-owned and 49% by...