Saudi Arabia on Friday announced a $100 million contribution to a US-backed campaign to "stabilise" northeastern Syria, once a bastion of the radical ISIL group.
The 88 million euro contribution is the biggest single cash injection yet for reconstruction efforts in areas formerly controlled by the jihadists.
The group declared a "caliphate" after seizing swathes of Iraq and Syria in 2014, but has since been ousted from most of that territory including its former de facto Syrian capital Raqa and a pocket of Damascus.
Saudi Arabia, the United States' most powerful Arab ally, is a member of the US-led Global Coalition to Defeat ISIL, another acronym for the jihadist group.
Riyadh's contribution aims to support "stabilisation projects" and "will play a critical role in the coalition's efforts to revitalise communities, such as Raqa, that have been devastated by ISIL terrorists," read a statement by the Saudi embassy in Washington.
It said the money would "save lives, help facilitate the return of displaced Syrians, and help ensure that ISIL cannot reemerge to threaten Syria, its neighbours, or plan attacks against the international community."
In April, reports emerged that the United States was looking to build an Arab force to replace its troops in northeastern Syria. The US government has not officially confirmed the reports.
Despite the defeat of ISIL in Syria and Iraq, between 20,000 and 30,000 of its fighters remain in the two countries, according to a United Nations report released Monday.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.