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The Nexus
BUSINESSJul 1 · 12:04 UTCSEMAFORMohammed Sergie

Kuwaiti telecom Zain Group lands Syria mobile license

Kuwaiti telecom Zain Group plans to invest $1.5 billion over the next decade to upgrade Syria's mobile network, acquiring a 75% stake in the existing MTN network. The Syrian government will retain a 25% stake, and the deal is part of increasing Gulf investments in Syria's reconstruction, with Emirati, Qatari, and Saudi firms also involved in various sectors.

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Mentioned
ZainorganizationMTN networkorganizationSyrian governmentorganizationGulfplaceKuwaitplaceSyriaplaceUnited Arab EmiratesplaceQatarplaceSaudi Arabiaplace
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