UAE and Syria relaunch joint business council to boost investment in postwar recovery
DUBAI: The UAE and Syria have relaunched their joint business council in an attempt to accelerate private-sector investment and support for Syria’s postwar economic recovery.
The move was announced during talks in Abu Dhabi between the Emirati minister of foreign trade, Thani Al-Zeyoudi, and the Syrian minister of economy and industry, Mohammed Nidal Al-Shaar, to discuss the expansion of trade and investment cooperation between their countries.
The restructured council will provide a platform for connecting businesses and investors from both countries, with a focus on developing partnerships across sectors including infrastructure, industry, logistics, energy, agriculture, technology and financial services, the Emirates News Agency reported.
“The reactivation of the UAE-Syria Business Council … reflects the sincere desire of both countries to restore trade and investment relations to their full potential,” Al-Zeyoudi said, adding that the organization would develop a road map to strengthen cooperation between the private sectors in both countries and elevate economic ties.
