Syria Adopts Saudi Investment Protection Agreement to Boost Economic Growth
Country seeks foreign investments by offering transparency and guarantees for investors.
In a significant move to revitalize its economy, Syria has formally adopted a Saudi-developed agreement for the protection of foreign investors.
This decision paves the way for future investments into the country, bolstering efforts to rebuild its economic landscape with support from Saudi expertise.
The adoption was announced during the Syrian-Saudi Investment Forum 2025, highlighting a key milestone in Syria's quest to foster an investor-friendly environment.
The agreement, developed by Saudi Arabia, has been praised for driving transformative growth across multiple sectors.
Eng.
Khalid Al-Falih, the Saudi Minister of Investment, expressed confidence in Syria's economic revival, emphasizing the importance of transparency and investor guarantees.
He projected that this development will spark a wave of projects in Damascus, ushering in a new era of growth.
Syria's Minister of Economy, Mohammad Al-Shaar, underscored the historical significance of this moment, noting that the country had been waiting for decades to establish a genuine economic partnership with Saudi Arabia.
He praised Saudi Arabia’s model of economic transformation as exemplary and highlighted the potential benefits of such collaboration.
The adoption of the foreign investment protection framework includes three phases: opportunity exploration, investor consultation, and project execution.
Syria aims to secure its investment environment through constitutional guarantees, investment laws, and adherence to the adopted framework.
The Minister of Tourism, Mazen Al-Salehani, announced plans for new luxury accommodations and a revamped ministry website to streamline investor engagement.
He also emphasized community inclusion in tourism projects, ensuring local populations are involved in building the future.
The Saudi-Syrian Business Council Chairman, Mohammed Abunayyan, praised Syria's comprehensive economic vision, assuring long-term partnership opportunities with Saudi investors.
This move signifies Saudi Arabia’s leadership in forming international investment coalitions to support Syria's economic development.
Director General of the Syrian Investment Authority, Talal Al-Hilali, affirmed the country's commitment to work closely with Saudi Arabia to ensure investor confidence and provide business certainty.
Ensuring the protection of investors is now a top priority as Syria seeks to stabilize its economy.
This decision paves the way for future investments into the country, bolstering efforts to rebuild its economic landscape with support from Saudi expertise.
The adoption was announced during the Syrian-Saudi Investment Forum 2025, highlighting a key milestone in Syria's quest to foster an investor-friendly environment.
The agreement, developed by Saudi Arabia, has been praised for driving transformative growth across multiple sectors.
Eng.
Khalid Al-Falih, the Saudi Minister of Investment, expressed confidence in Syria's economic revival, emphasizing the importance of transparency and investor guarantees.
He projected that this development will spark a wave of projects in Damascus, ushering in a new era of growth.
Syria's Minister of Economy, Mohammad Al-Shaar, underscored the historical significance of this moment, noting that the country had been waiting for decades to establish a genuine economic partnership with Saudi Arabia.
He praised Saudi Arabia’s model of economic transformation as exemplary and highlighted the potential benefits of such collaboration.
The adoption of the foreign investment protection framework includes three phases: opportunity exploration, investor consultation, and project execution.
Syria aims to secure its investment environment through constitutional guarantees, investment laws, and adherence to the adopted framework.
The Minister of Tourism, Mazen Al-Salehani, announced plans for new luxury accommodations and a revamped ministry website to streamline investor engagement.
He also emphasized community inclusion in tourism projects, ensuring local populations are involved in building the future.
The Saudi-Syrian Business Council Chairman, Mohammed Abunayyan, praised Syria's comprehensive economic vision, assuring long-term partnership opportunities with Saudi investors.
This move signifies Saudi Arabia’s leadership in forming international investment coalitions to support Syria's economic development.
Director General of the Syrian Investment Authority, Talal Al-Hilali, affirmed the country's commitment to work closely with Saudi Arabia to ensure investor confidence and provide business certainty.
Ensuring the protection of investors is now a top priority as Syria seeks to stabilize its economy.
