A Syrian investment delegation will visit Riyadh on Monday to boost economic cooperation between Saudi Arabia and Syria, in line with the directives of the Saudi Crown Prince and Prime Minister, Mohammed bin Salman.
The Syrian Minister of Economy and Industry, Mohammad Nidal Al-Shaar, heads the delegation which includes representatives from the private sector of both sides, reported the Saudi Press Agency (SPA).
The official visit underscores both countries’ commitment to strengthening economic ties and regional integration.
The visit also follows up on the outcomes of the Saudi-Syrian Investment Forum, which took place in July under the patronage of Syria’s Transitional President, Ahmed Al-Sharaa, with the participation of more than 100 Saudi companies and 20 Saudi government entities.
The Forum saw the signing of 47 investment agreements across key sectors, worth of SAR 24 billion ($6.4bn). The investment projects covered sectors such as real estate, infrastructure, finance, telecommunications and information technology, energy, industry, tourism, trade and investment, health, and other areas.
Furthermore, the Forum witnessed the formation of the Saudi-Syrian Business Council to foster economic cooperation and promote Saudi investments in the promising Syrian market.
The Syrian delegation’s visit to Riyadh aligns with the Kingdom’s commitment to enhance economic partnerships with brotherly nations across the region, boosting its global investment role and supporting the attainment of sustainable development goals and the objectives of Saudi Vision 2030.
