Saudi Arabia Unveils SR21 Billion Investment Deals at Damascus Forum
High-level Saudi delegation leads economic cooperation efforts with Syria through investment agreements.
A high-level Saudi delegation, led by Minister of Investment Khalid Al-Falih, arrived in Damascus on Wednesday for the Saudi-Syrian Investment Forum.
The event marks a significant step toward restoring economic cooperation between the two countries under the directive of Crown Prince Mohammed bin Salman.
Over 150 Saudi businessmen and investors are participating in the forum, reflecting the Kingdom's growing commitment to supporting Syria’s economic recovery through direct engagement and private sector involvement.The Ministry of Investment, in coordination with the Federation of Saudi Chambers, is facilitating opportunities for Saudi businesses to engage in reconstruction and development projects across Syria.
The upcoming forum is expected to witness the announcement of investment agreements worth SR21 billion across 11 key sectors.
These include real estate, infrastructure, information and communications technology, transportation, industry, tourism, energy, trade and investment, healthcare, human resources, and financial services.The deals are set to cover residential and commercial developments in cities such as Damascus and Homs, the construction of cement and gypsum factories to support local industry, and advanced digital infrastructure projects that will modernize Syria's communications systems.
Additionally, agreements on energy generation, hospital rehabilitation, pharmaceutical manufacturing, vocational training, and the revitalization of Damascus International Airport are expected to be signed.The event also aims to foster fintech collaboration, dual listings, and sustainable investment initiatives in the financial sector.
A total of 38 memorandums of understanding will be signed between Saudi and Syrian stakeholders during the forum, with more than 150 Saudi representatives from both public and private sectors attending alongside over 400 participants from Syria.The forum is seen as a pivotal moment in reviving bilateral ties and fostering a new era of trust, economic partnership, and joint development.
It aligns with the vision of Crown Prince Mohammed bin Salman to promote regional prosperity through strategic investment and cooperation.
The Ministry of Investment emphasizes that the initiative contributes to the rebuilding of Syria while reinforcing Saudi Arabia's role in leading regional development and integration under Vision 2030.
The event marks a significant step toward restoring economic cooperation between the two countries under the directive of Crown Prince Mohammed bin Salman.
Over 150 Saudi businessmen and investors are participating in the forum, reflecting the Kingdom's growing commitment to supporting Syria’s economic recovery through direct engagement and private sector involvement.The Ministry of Investment, in coordination with the Federation of Saudi Chambers, is facilitating opportunities for Saudi businesses to engage in reconstruction and development projects across Syria.
The upcoming forum is expected to witness the announcement of investment agreements worth SR21 billion across 11 key sectors.
These include real estate, infrastructure, information and communications technology, transportation, industry, tourism, energy, trade and investment, healthcare, human resources, and financial services.The deals are set to cover residential and commercial developments in cities such as Damascus and Homs, the construction of cement and gypsum factories to support local industry, and advanced digital infrastructure projects that will modernize Syria's communications systems.
Additionally, agreements on energy generation, hospital rehabilitation, pharmaceutical manufacturing, vocational training, and the revitalization of Damascus International Airport are expected to be signed.The event also aims to foster fintech collaboration, dual listings, and sustainable investment initiatives in the financial sector.
A total of 38 memorandums of understanding will be signed between Saudi and Syrian stakeholders during the forum, with more than 150 Saudi representatives from both public and private sectors attending alongside over 400 participants from Syria.The forum is seen as a pivotal moment in reviving bilateral ties and fostering a new era of trust, economic partnership, and joint development.
It aligns with the vision of Crown Prince Mohammed bin Salman to promote regional prosperity through strategic investment and cooperation.
The Ministry of Investment emphasizes that the initiative contributes to the rebuilding of Syria while reinforcing Saudi Arabia's role in leading regional development and integration under Vision 2030.
