Saudi-Syrian Investment Forum 2025 Yields $6.4 Billion in Deals, Joint Business Council Formed
The Saudi-Syrian Investment Forum concluded with the signing of agreements valued at $6.4 billion and the establishment of a new joint business council.
DAMASCUS — The Saudi-Syrian Investment Forum 2025 wrapped up in Damascus on Thursday, culminating in the signing of 47 investment deals and memorandums of understanding worth SR24 billion ($6.4 billion).
The forum took place under the auspices of Syrian President Ahmed Al-Sharaa, with over 100 representatives from Saudi private companies and 20 government entities in attendance.The event marked a significant step towards boosting economic cooperation and trade between the two nations, focusing on sectors such as energy, infrastructure, industry, real estate, finance, health, agriculture, and information and communications technology (ICT).
According to Minister of Investment Khalid Al-Falih, Crown Prince Mohammed bin Salman has mandated the formation of a high-level Saudi-Syrian Joint Business Council.
This council will be led by prominent businessman Mohammed Abunayyan and will comprise top executives from Saudi Arabia.Al-Falih emphasized that the private sector is poised to contribute substantially to Syria's economic recovery efforts.
Among the major agreements signed during the forum were deals worth over SR11 billion ($2.9 billion) in infrastructure and real estate, including the establishment of three new cement plants funded by Saudi investors to aid in Syria’s reconstruction.In the realm of ICT, partnerships were forged between the Syrian Ministry of Communications and major Saudi telecommunications and technology firms such as STC and Elm, with a combined value of SR4 billion ($1.06 billion).
Furthermore, there is an agreement to enhance cooperation in agriculture, involving initiatives for model farms, food supply chains, and organic production.The finance sector also saw progress, highlighted by the signing of a memorandum of understanding (MoU) between the Saudi Tadawul Group and the Damascus Securities Exchange.
This collaboration aims at exploring dual listings, fintech innovation, and potential new investment funds.Al-Falih commended Syria's recent reforms, including amendments to its investment law introduced in June, which improved investor protections and streamlined regulatory procedures.
He also noted that Syrian investments in Saudi Arabia currently amount to SR10 billion ($2.66 billion), hinting at the potential for a deeper economic integration between the two nations.The forum concluded with an exposition showcasing Syria's investment prospects, setting the stage for what both parties described as a ‘transformative partnership.’ This partnership is founded on the shared history and mutual economic objectives of the two countries.
The forum took place under the auspices of Syrian President Ahmed Al-Sharaa, with over 100 representatives from Saudi private companies and 20 government entities in attendance.The event marked a significant step towards boosting economic cooperation and trade between the two nations, focusing on sectors such as energy, infrastructure, industry, real estate, finance, health, agriculture, and information and communications technology (ICT).
According to Minister of Investment Khalid Al-Falih, Crown Prince Mohammed bin Salman has mandated the formation of a high-level Saudi-Syrian Joint Business Council.
This council will be led by prominent businessman Mohammed Abunayyan and will comprise top executives from Saudi Arabia.Al-Falih emphasized that the private sector is poised to contribute substantially to Syria's economic recovery efforts.
Among the major agreements signed during the forum were deals worth over SR11 billion ($2.9 billion) in infrastructure and real estate, including the establishment of three new cement plants funded by Saudi investors to aid in Syria’s reconstruction.In the realm of ICT, partnerships were forged between the Syrian Ministry of Communications and major Saudi telecommunications and technology firms such as STC and Elm, with a combined value of SR4 billion ($1.06 billion).
Furthermore, there is an agreement to enhance cooperation in agriculture, involving initiatives for model farms, food supply chains, and organic production.The finance sector also saw progress, highlighted by the signing of a memorandum of understanding (MoU) between the Saudi Tadawul Group and the Damascus Securities Exchange.
This collaboration aims at exploring dual listings, fintech innovation, and potential new investment funds.Al-Falih commended Syria's recent reforms, including amendments to its investment law introduced in June, which improved investor protections and streamlined regulatory procedures.
He also noted that Syrian investments in Saudi Arabia currently amount to SR10 billion ($2.66 billion), hinting at the potential for a deeper economic integration between the two nations.The forum concluded with an exposition showcasing Syria's investment prospects, setting the stage for what both parties described as a ‘transformative partnership.’ This partnership is founded on the shared history and mutual economic objectives of the two countries.
