The project is a long-term investment and development agreement for Aleppo International Airport between the Syrian General Authority of Civil Aviation and Air Transport and a Saudi investment consortium led by the BinDawood Group through the Elaf Investment Fund. It covers operating and upgrading the existing airport during the development phase and building a new international airport with a capacity of up to 12 million passengers a year, to be implemented in phases. The agreement also includes financing an integrated navigation radar system covering Syrian airspace.
The agreement was signed on 7 February 2026, one of a set of Syrian-Saudi contracts announced at the People's Palace in Damascus in the presence of President Ahmad al-Sharaa, covering aviation, telecommunications, infrastructure, water and real estate development. Saudi Minister of Investment Khalid Al-Falih said that day that the Kingdom would invest SAR 7.5 billion (about USD 2 billion) to develop the two airports in Aleppo. Arab News reported that the agreement is the Elaf Investment Fund's first investment.
Aleppo Governor Azzam al-Gharib set out the phases on the day of signing.
Who is the investor in the project?
The Saudi Elaf Investment Fund, led by BinDawood, is the party that signed the agreement with the General Authority of Civil Aviation and Air Transport to develop and operate Aleppo International Airport.
What is the planned passenger capacity?
The civil aviation authority aims to raise the existing airport's capacity to more than 2 million passengers a year. The new airport is planned for about 6 million passengers a year, rising to 12 million.
How many phases does the project have?
Three phases, as set out by the Governor of Aleppo: development of the existing airport, construction of a new airport for 6 million passengers per year, and expansion to 12 million passengers per year.
How does the project relate to the wider Saudi investment in Syria?
It was signed on 7 February 2026 as one of a set of Syrian-Saudi contracts covering aviation, telecommunications, infrastructure, water and real estate development. Saudi Minister of Investment Khalid Al-Falih put the Saudi investment in developing the two airports in Aleppo at SAR 7.5 billion (about USD 2 billion).
Update: 11 June 2026
According to SANA on 10 June 2026, Amjad Nakhal, assistant head of the General Authority of Civil Aviation and Air Transport, met a delegation from BinDawood Investment Company led by board member Walid BinDawood to discuss the next executive steps of the project. The two sides carried out a tour of Aleppo International Airport with representatives of a design company taking part, as part of following up the agreement signed between the Authority and the Saudi Elaf Investment Fund (BinDawood Investment Company).
On 11 June 2026, also according to SANA, the Authority's head Omar al-Husari received a BinDawood Group delegation led by Ahmed BinDawood at the Authority's building in Damascus, where the two sides reviewed the next executive steps and the coordination mechanisms among the parties concerned. Al-Husari said the agreement covers developing and operating Aleppo International Airport and building a new international airport in Aleppo. The same report refers to an earlier meeting in April 2026 between al-Husari and Saudi Assistant Minister of Investment Abdullah bin Ali al-Dubaikhi on the executive procedures and the project timeline. No start date for construction works had been announced as of this update.
Update: 11 September 2026
The General Authority of Civil Aviation and Air Transport announced on 11 September 2026 that development works at the existing Aleppo International Airport are due to start in early 2027. The aim is to raise its capacity to more than 2 million passengers a year and improve its operational, technical and service efficiency, in parallel with completing the structuring of the new airport project, as reported by SANA, Al-Ikhbariah and Al-Thawra.
The announcement followed meetings and workshops held in Jeddah from 7 to 10 September 2026 between an Authority delegation led by its head Omar al-Husari and representatives of the Elaf Investment Fund, led by BinDawood Investment Company. Mohsen Mahbash, Syria's chargé d'affaires in Saudi Arabia, took part in the meetings on 9 and 10 September. The two sides agreed on the timetable for the next stage and reviewed the legal, technical, commercial and financing aspects of the project, as well as financing formulas for acquiring modern aircraft for Syrian Airlines.
According to the Authority, field surveys and technical and preliminary studies are under way to define the development requirements, while improvements at the airport continue within current capabilities, including operational readiness, facilities and services, and attracting new airlines. SANA reported that the airport handled 696 flights and 81,810 passengers in August 2026, with 14 airlines operating there.
According to Arab News on 15 September 2026, a joint statement by the Authority and the fund said that work on the new airport's business plan, financial model and bankability study was well advanced and being reviewed by both sides, and that talks with international lenders had started. Abdulrazzaq BinDawood chairs both the fund and BinDawood Investment Company.
Update: Steps at the existing airport, February to 24 September 2026
The following steps, reported by Shaam Network and Logistics Window between February and September 2026, concern the existing airport and coordination around the project. The first two predate the June 2026 update.
SANA (Arabic): Aleppo governor on the airport investment contract, 7 February 2026
SANA (English): Aleppo International Airport deal and its phases, 7 February 2026
Arab News: Syria and Saudi Arabia sign strategic economic agreements in Damascus, 7 February 2026
Al-Rai: Syrian-Saudi strategic agreements, 7 February 2026
Shaam Network: new navigation systems for Aleppo International Airport, 9 February 2026
SANA (Arabic): Aleppo International Airport development to start in early 2027, 11 September 2026
SANA (English): Aleppo airport upgrade to begin in early 2027, 11 September 2026
Al-Ikhbariah: Civil aviation authority to begin Aleppo airport development works, 11 September 2026
Al-Thawra: Aleppo International Airport development to start in early 2027, 11 September 2026
Arab News: BinDawood-led Elaf sets 2027 start for Aleppo airport upgrades, 15 September 2026
Logistics Window: Aleppo International Airport navigation systems enter service, 24 September 2026
