The Saudi-Syrian Investment Forum 2025 has concluded in Damascus, announcing deals worth of SAR 24 billion ($6.4bn) to support Syria’s economic recovery and reconstruction.
Furthermore, the Forum witnessed the establishment of the Saudi-Syrian Business Council to boost economic cooperation and promote Saudi investments in the promising Syrian market.
Saudi-Syrian Investment Forum 2025
On Thursday, Damascus hosted the Saudi-Syrian Investment Forum, with the attendance of the Syrian Transitional President, Ahmed Al-Sharaa, and several senior officials and executives from Saudi Arabia and Syria.
The Saudi Investment Minister, Khalid Al-Falih, led the Kingdom’s delegation, which comprised more than 20 government entities and over 100 leading private companies with international investments in various sectors, such as energy, industry, infrastructure and real estate, financial services, health, agriculture, and communications and information technology (ICT).
Saudi Unwavering Support
During his speech, Al-Falih reaffirmed Saudi Arabia’s unwavering support for Syria in its path toward growth, economic prosperity, and sustainable development, highlighting the deeply-rooted historical bonds between the two nations.
He added that this visit, which came upon the directives of the Saudi Crown Prince and Prime Minister, Mohammed bin Salman, underscores the Kingdom’s commitment to strengthening its economic and investment ties with Syria.
Moreover, he said that forum emphasizes the pivotal role of the private sector in realizing the two countries’ common goals and encouraging Saudi and international investors to explore promising investment opportunities Syria and contribute to its strategic projects.
In April, Saudi Arabia and Qatar 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.
Furthermore, the Kingdom led regional and international efforts to lift Western sanctions on Syria, which culminated in a landmark decision by the US President, Donald Trump, to lift the decades-long sanctions, upon the request of Crown Prince Mohammed bin Salman.
Infrastructure Deals
Al-Falih announced the signing of 47 agreements on the sidelines of the Saudi-Syrian Investment Forum, worth of SAR 24 billion, covering various fields including real estate, infrastructure, finance, energy, industry, tourism, trade and investment, health, and ICT.
In infrastructure, deals valued at over SAR 4.3 billion were signed, including the construction of three cement factories in Syria to support supply chains and achieve self-sufficiency during the country’s reconstruction process.
In the light of this, Al-Falih on Wednesday inaugurated the Fayhaa White Cement Factory in Adra Industrial City, valued at SAR 100 million, to expand cement production in Syria.
Real Estate Projects
The Saudi-Syrian Investment Forum saw the signing of SAR 7.2 billion real estate deals, including projects to rebuild Syria’s infrastructure and develop facilities across the country.
Moreover, the Saudi Minister launched Al-Jawhara Tower Project, a SAR 375 million Saudi-led real estate project in Damascus spanning 25,210 square meters and including office, hospitality, and retail components across 32 floors.
Al-Falih also announced that Bayt Al-Ebaa Company will sign a multi-billion agreement to build a distinctive residential and commercial project in Homs city.
These projects provide a model for the integration of Saudi capital and Syrian local expertise to achieve sustainable social and commercial goals.
ICT Deals
As for the telecommunications sector, the forum saw the signing of agreements worth of SAR 3.6 billion, involving partnerships between the Syrian Ministry of Communications and major Saudi tech firms such as STC and Elm.
The agreements aim to develop Syria’s digital infrastructure and enhance cybersecurity. They also aim to build advanced ecosystems for artificial intelligence (AI), data centers, and educational academies, according to Al-Falih.
Agriculture Cooperation
In the agriculture sector, the Saudi Minister expressed aspirations to cooperate with Syria in developing high-quality joint projects, including model farms and processing industries.
He highlighted promising opportunities in the fields of modern agriculture, grain production, organic products, and food supply chains.
Financial Sector
In terms of finance and banking, the forum witnessed the signing of SAR 4.8 billion agreements, as well as a key memorandum of understanding (MoU) between Saudi Tadawul Group and the Damascus Securities Exchange.
The MoU aims to boost cooperation in sectors such as fintech, dual listings, and data exchange. It also includes launching new investment funds to promote investments in Syria.
Syrian Investments in Saudi Arabia
During his speech, Al-Falih highlighted Syrian investments in Saudi Arabia, which currently amount to SAR 10 billion ($2.66bn), pointing to the vital role of Syrian entrepreneurs in rebuilding Syria and reviving its economy.
He also commended measures taken by the Syrian government to create a more investment-friendly environment, including facilitating investment procedures and enhancing transparency.
Saudi-Syrian Business Council
Al-Falih announced the formation of the Saudi-Syrian Business Council – a move that further underscores Saudi Arabia’s commitment to encouraging investments in Syria.
Chaired by the prominent businessman, Mohammed Abunayyan, the joint business council will comprise an elite of Saudi businessmen. It aims to advance economic cooperation, activate partnerships between private sector companies in both countries, and boost Saudi investments in the Syrian market.
