Syria and Saudi Arabia are working to strengthen economic ties and boost trade cooperation. Officials highlighted the key role of institutional coordination.
Alaa al-Ali, chairman of the Federation of Syrian Chambers of Commerce, met Saudi Ambassador Faisal bin Saud al-Mujfel on Wednesday in Damascus. During the meeting, both sides explored ways to expand investment and commercial collaboration.
They emphasized encouraging Saudi investors to enter the Syrian market. By doing so, they aim to increase bilateral trade and support long-term economic growth. Furthermore, officials highlighted the importance of aligning institutional frameworks between the two countries.
Additionally, the meeting focused on creating a safe and attractive environment for investors. Officials noted that stability and clear regulations would encourage high-quality investments in priority sectors. Consequently, both nations could strengthen business ties and serve their shared economic interests.
The dialogue also underscored the need for ongoing cooperation between the Syrian business community and Saudi chambers. By fostering stronger partnerships, both sides expect to enhance trade opportunities and investment flows across key industries.
Moreover, the discussion included steps to accelerate strategic projects and reduce bureaucratic barriers. These measures aim to make cross-border trade smoother and more efficient. Both parties agreed that institutional coordination would be central to future success.
Officials highlighted potential investments in infrastructure projects, including energy, transport, and logistics, as top priorities for joint development. These projects could significantly increase employment opportunities in both countries.
Trade in agricultural products, food processing, and light manufacturing was identified as another area with strong growth potential. Both sides pledged to support exporters and streamline import-export procedures.
They also discussed technological and digital collaboration, aiming to strengthen e-commerce, fintech, and communication services. Investments in innovation could enhance competitiveness in regional markets.
Finally, both countries agreed to establish a joint economic committee to monitor progress and address emerging challenges. Regular meetings will ensure sustained cooperation and transparency.
In conclusion, Syria and Saudi Arabia are advancing their economic partnership through targeted investments, regulatory improvements, and institutional collaboration. As a result, business leaders from both nations anticipate a growing, mutually beneficial trade relationship.
