A high-level Saudi delegation has arrived in Damascus to explore promising investment opportunities and deepen economic ties between the Kingdom and Syria.
The visit is organized by the Saudi Ministry of Investment, in coordination with the Federation of Saudi Chambers of Commerce, under the directives of the Saudi Crown Prince and Prime Minister, Mohammed bin Salman.
Investment Opportunities
The high-level visit aims to strengthen the fraternal bonds and historic ties between Saudi Arabia and Syria, and support Syria’s economic recovery and growth, according to the Saudi Press Agency (SPA).
To this end, a delegation comprising more than 120 businessmen and investors, as well as senior officials from the public and private sectors, will explore promising investment opportunities, facilitate bilateral cooperation, and tackle challenges facing investors to advance the economic interests of both countries.
The visit aligns with the Saudi Investment Ministry’s efforts to empower the Saudi private sector to take part in Syria’s reconstruction and economic recovery efforts. This includes identifying companies interested in investing and holding a series of introductory workshops.
Saudi-Syrian Investment Forum
Moreover, the Saudi Investment Ministry will hold the Saudi-Syrian Investment Forum 2025 in Damascus, during which several investment deals, memoranda of understanding (MoUs) and joint projects will be announced to advance a sustainable economic partnership.
In addition to the Saudi-Syrian Investment Forum 2025, the high-level visit, led by the Saudi Investment Minister, Khalid Al-Falih, is expected to generate business deals and projects worth $4 billion (SAR 15 billion), according to Al-Ekhbariya.
In the light of this, the visit will witness the inauguration of the Fayhaa White Cement Factory project in the Adra Industrial City in Damascus, reported Syria’s state news agency SANA. This will expand cement production and support Syria’s reconstruction.
Supporting Syria’s Reconstruction
The visit aligns with Saudi Arabia’s efforts to support Syria’s economic recovery and development. In June 2025, Al-Falih held a virtual meeting with the Syrian Minister of Economy and Industry, Mohammad Nidal al-Shaar, to discuss avenues for joint investment cooperation and explore the promising economic opportunities in the Syrian market.
🎥 | The #Saudi Delegation of Over 120 Businessmen and Investors Arrives in #Damascus#AlEkhbariyaEN
— AlEkhbariya News (@alekhbariyaEN) July 23, 2025
The meeting aimed to support Syria’s economic development and open new channels for integration between Riyadh and Damascus, further underscoring the Kingdom’s commitment to supporting the stability and growth of Syria’s economy in a way that benefits the mutual interests of both countries and promotes regional economic prosperity.
Moreover, Saudi Arabia and Qatar in April committed to settling Syria’s outstanding arrears to the World Bank Group, which stands at $15 million, in order to support and accelerate the recovery of Syria’s economy.
