RIYADH: The Syrian-Saudi Investment Forum has commenced in Damascus, with over 120 investors and executives from the Kingdom’s public and private sectors participating in the event.
Speaking at the gathering, Saudi Arabia’s Minister of Investment, Khalid Al-Falih, announced that the forum will witness the signing of 47 agreements and memorandums of understanding, totaling SR24 billion ($6.4 billion).
The investment conference marks a significant renewal of relations between the two countries, and in April, Saudi Arabia joined with Qatar to settle Syria’s $15 million debt to the World Bank as part of broader efforts to support the financial recovery of the nation.
Speaking at the forum, Al-Falih said: “We are committed to strengthening relations with Syria, particularly in the economic and investment spheres. This forum is attended by over 20 government entities and 100 private sector companies.”
The minister further said that Saudi Arabia is preparing to invest in Syria across multiple sectors, including energy, real estate, industry, and infrastructure.
