Saudi Arabia Introduces Business Travel Permits for Syria to Strengthen Investment Ties
Expansion of bilateral relations aims to facilitate mutual visits and investment opportunities between Saudi Arabia and Syria.
RIYADH: In a move to bolster economic ties, Saudi Arabia has introduced travel permits for Syrian businessmen and investors.
These permits, which can now be applied for directly at the embassy in Damascus, are aimed at deepening bilateral relations and facilitating mutual visits.
The Kingdom's embassy in Damascus announced this development on X, stating that interested parties from both countries can explore investment opportunities through these exchanges.The recent diplomatic efforts between Saudi Arabia and Syria have been significant.
Notably, the Kingdom reopened its embassy in Damascus in 2024 after a 12-year closure.
Additionally, in April, Saudi Arabia and Qatar collaborated to settle Syria's $15 million debt to the World Bank as part of broader financial support initiatives for Syria's recovery.The Ministry of Investment in Saudi Arabia has also announced plans to organize a Saudi-Syria Investment Forum in Damascus.
This forum is expected to bring together public and private sector entities from both countries to discuss cooperation opportunities aimed at promoting sustainable development across both nations.
The participation anticipated at the forum indicates a strong push towards enhancing economic relations between the two countries.In June, the meeting between Saudi Minister of Investment Khalid Al-Falih and his Syrian counterpart, Mohammad Al-Shaar, further solidified these efforts.
The discussion focused on exploring investment partnerships and potential collaborations across both public and private sectors.
Al-Falih emphasized Saudi Arabia's commitment to aiding Syria’s economic stabilization and development, highlighting the mutual benefits of stronger ties for both countries and their contribution to regional prosperity.Additionally, US President Donald Trump’s executive order in June aimed at dismantling sanctions against Syria is expected to further aid the country’s economic recovery.
This move, as stated by Syrian Minister of Foreign Affairs and Expatriates Asaad Hassan Al-Shaibani, supports Syria's reintroduction into the global community.
These permits, which can now be applied for directly at the embassy in Damascus, are aimed at deepening bilateral relations and facilitating mutual visits.
The Kingdom's embassy in Damascus announced this development on X, stating that interested parties from both countries can explore investment opportunities through these exchanges.The recent diplomatic efforts between Saudi Arabia and Syria have been significant.
Notably, the Kingdom reopened its embassy in Damascus in 2024 after a 12-year closure.
Additionally, in April, Saudi Arabia and Qatar collaborated to settle Syria's $15 million debt to the World Bank as part of broader financial support initiatives for Syria's recovery.The Ministry of Investment in Saudi Arabia has also announced plans to organize a Saudi-Syria Investment Forum in Damascus.
This forum is expected to bring together public and private sector entities from both countries to discuss cooperation opportunities aimed at promoting sustainable development across both nations.
The participation anticipated at the forum indicates a strong push towards enhancing economic relations between the two countries.In June, the meeting between Saudi Minister of Investment Khalid Al-Falih and his Syrian counterpart, Mohammad Al-Shaar, further solidified these efforts.
The discussion focused on exploring investment partnerships and potential collaborations across both public and private sectors.
Al-Falih emphasized Saudi Arabia's commitment to aiding Syria’s economic stabilization and development, highlighting the mutual benefits of stronger ties for both countries and their contribution to regional prosperity.Additionally, US President Donald Trump’s executive order in June aimed at dismantling sanctions against Syria is expected to further aid the country’s economic recovery.
This move, as stated by Syrian Minister of Foreign Affairs and Expatriates Asaad Hassan Al-Shaibani, supports Syria's reintroduction into the global community.
