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Investing.com -- Syria’s government is currently in discussions with regional telecommunications companies, Zain, Etisalat, STC, and Ooredoo, for a project to build fibre optic communications network in the country, according to a Reuters report on Wednesday. The project, reportedly worth around $300 million, aims to develop the country’s fibre optic communications network.
These discussions with the Gulf Arab companies come amidst an increase in global investor interest in Syria’s economy. This surge in interest follows the announcement made last month by U.S. President Donald Trump that the U.S. will be lifting sanctions imposed on Syria.
The Syrian project, named SilkLink, is designed to quickly update the country’s outdated communications infrastructure. The telecommunications ministry stated that the project’s goal is to establish Syria as a potential "north-south and west-east digital corridor".
The deadline for submitting proposals for SilkLink is said to be set for June 10.
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