A Saudi business delegation led by Investment Minister Khalid Al-Falih has arrived in Damascus ahead of a forum set to generate trade deals worth SR15 billion ($4 billion).

The delegation, comprising more than 120 potential investors, is in Syria to foster economic ties and support the country's recovery.

According to Syrian news agency SANA, the agreements are expected to contribute to promoting sustainable development between Saudi Arabia and Syria.

The Saudi-Syria Investment Forum aims to facilitate multi-billion trade deals through significant participation from both countries' public and private sectors.

This move is part of broader efforts by Saudi Arabia to support Syria's economic recovery after years of conflict, including the recent reopening of its embassy in Damascus and a joint initiative with Qatar to settle Syria’s $15 million debt to the World Bank.

In April, Investment Minister Khalid Al-Falih held a virtual meeting with Syrian Economy Minister Mohammad Nidal Al-Shaar to discuss opportunities for collaboration.

The forum is also expected to unveil joint projects and memorandums of understanding across various fields, including the launch of the Fayhaa White Cement Factory project in the Adra Industrial City.

Additionally, the Syrian government has recently amended its investment law to create a more attractive legal environment for both domestic and foreign investments.

The new law aims to streamline the investment process and bolster the role of the private sector in Syria's reconstruction efforts.