Saudi Press

Saudi Arabia and the world
Saturday, Feb 22, 2025

Iran Eyes Joint Investments in Syria

Iran Eyes Joint Investments in Syria - iran news daily iran news now

Head of Iran-Syria Joint Chamber of Commerce Keyvan Kashefi says Iran is not after selling goods to Syria but it is looking for launching joint ventures and joint projects in Syria.
Speaking in an interview, Kashefi said Syria is one of the major destinations for Iran’s exports especially in the future as both countries enjoy commonalities which can boost economic ties. He added that launching Iran’s Trade Center in Syria in the near future can coordinate the economic cooperation between both states.

He said Syria’s economy has huge potentials for bilateral or multilateral cooperation, noting that Syrian economy since its early days has been a production-centered one.

Kashefi added that Syria was once one of the biggest producing countries but due to the war condition, the country has distanced from its past and it is now in the reconstruction era and this is a good opportunity for Iran to provide Syria with different services for its reconstruction.

He further said Syria is willing to have economic exchanges with Iran and Iran should take advantage of this opportunity.

Kashefi added that industrial goods, equipment for plants, construction materials and especially agro products have good market in Syria and Iran should focus on exports of these goods.

He added that Syria’s economy has great potentials and Iran should not ignore this opportunity, adding that the chamber has purchased an office in Damascus to launch Iranian Trade Center and it will be a venue for centralizing Iranian companies.

Kashefi reiterated that the center is not aimed at presenting Iranian products in Syrian markets but it is one step from the pre-planned goals for cooperation in Syria.

He added that Syria has good technical and engineering forces and Iranians can take advantage of them for joint cooperation and investment in several projects like construction of dams, power stations and other infrastructures.

Kashefi added the center is ready to come on stream and the chamber’s goal is to increase the current trade volume with Syria to one billion dollars next year.

He once again reiterated that the chamber is not focused on sales of goods in Syria, adding sales of goods is some part of the chamber and center’s task but the major goal is to have joint investment in different fields.

Kashefi stated that the center is to employ people who know Syria very well and be acquainted with Syria’s laws and regulations in order to offer economic consultations to Iranian traders.

He further said that launching a credit line with Syria is necessary for easing the trade with Syria, noting that to this end, the chamber is in dire need of Iran’s Central Bank cooperation.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia and the United States Strengthen Ties Amid Global Developments
Saudi Arabia Hosts Global Conference to Promote Islamic Unity
The Impact of Artificial Intelligence on Education and Child Development
Saudi Arabia Announces Competition for Best Founding Day Outfits
Saudi-EU Food Security Officials Hold Talks to Strengthen Collaboration
Putin Expresses Gratitude to Saudi Crown Prince for Hosting US-Russia Talks
UK and Saudi Arabia Enhance Collaboration in Innovation and Technology
Denmark's Embassy in Riyadh Showcases Danish Cuisine with Saudi Influence
Saudi Artist Salman Al-Amir Unveils 'Tafawut' Exhibition in Riyadh
Saudi Arabia Offers Condolences to Kuwait Following Military Exercise Fatalities
Saudi Ministry of Islamic Affairs Completes Ramadan Preparations in Madinah
Etidal Secretary-General Hosts UN Counter-Terrorism Director in Riyadh
ADNOC Drilling Targets Over $1 Billion in Investments for 2025 Amid Gulf Expansion Plans
Derayah Financial Achieves Remarkable Growth in Saudi Brokerage and Asset Management
Saudi Arabia Shortlists 30 Firms for Mining Licenses in Eastern Province and Tabuk
Saudi Foreign Minister Engages Counterparts at G20 Meeting in Johannesburg
Oil Prices Decline Amid Rising US Inventories
Saudi Arabia's NDMC Plans Green Bond Issuance by 2025
Moody’s Affirms Egypt’s Caa1 Rating Amid Positive Economic Outlook
Oman and Saudi Arabia Strengthen Economic Ties with New Agreements
Saudi Arabia Investments Propel Expansion of Qurayyah Power Plant
Saudi Capital Market Authority Advances SPACs and Direct Listings
Global Energy Leaders Gather in Riyadh for Symposium on Energy Outlooks
Al-Ahsa Region Sees 500% Growth in Tourism as Saudi Arabia Prioritizes Development
Saudi Arabia Advances Entrepreneurial Ecosystem in Al-Ahsa with New Agreement
King Salman Approves Official Saudi Riyal Symbol
Saudi Credit Card Lending Reaches $8.4 Billion Amid Digital Payment Expansion
King Salman Approves Official Symbol for Saudi Riyal
Putin Thanks Saudi Crown Prince for Facilitating U.S.-Russia Discussions
Saudi Foreign Minister Attends G20 Meeting in Johannesburg
Saudi Arabia Prepares for Nationwide Founding Day Celebrations
Inauguration of Hira Park and Walkway Enhances Jeddah's Urban Landscape
Crown Prince Hosts Leaders for Informal Meeting in Riyadh Amid Gaza Rebuilding Plans
Saudi Official Highlights Achievements and Media's Role in National Transformation
Three Expatriate Women Arrested for Prostitution in Riyadh
Saudi Arabia's Diplomatic Evolution Highlighted at Saudi Media Forum
Healthy Eating and Preparation Essential for Ramadan Fasting
Saudi Arabia and Japan Forge Sustainable Textile Partnership
Advanced Limb Surgery Restores Mobility in Pediatric Cancer Patient
Jeddah Event Explores AI's Role in Boosting Saudi Arabia's SME Sector
UN Representative Highlights AI's Role in Perpetuating Gender Stereotypes
Saudi and Jordanian Leaders Discuss Enhanced Security Cooperation in Amman
Saudi British Society Honors Cultural Bridge-Builders at London Gala
Saudi Media Forum 2025 Explores AI's Role in Modern Journalism
Saudi Arabia's Saqer Al-Moqbel Appointed as WTO General Council President for 2025–2026
Saudi Deputy Ministers Engage in Diplomatic Discussions with U.S. and Dutch Officials in Riyadh
Saudi Arabia to Launch Iftar Program in 61 Countries During Ramadan
Saudi Visitors Expected to Spend £942 Million in UK During 2025
Saudi Arabia Gifts Kaaba's Kiswah to Uzbekistan's Center of Islamic Civilization
Digital Cooperation Organization Concludes Fourth General Assembly with Multiple Agreements
×