Saudi Arabia and Syria’s investment is entering a new phase. The kingdom plans to sign agreements worth $4 billion in Damascus. The Saudi-Syrian Investment Forum unites public and private sector leaders to strengthen economic ties.
The Ministry of Investment confirmed the forum’s goal to boost cooperation and support Syria’s reconstruction. Additionally, Investment Minister Khalid Al Falih leads the Saudi delegation with over 120 investors from various sectors.
Saudi Arabia and Syria’s investment agreements cover multiple industries, including large-scale projects. For example, the Fayhaa White Cement Factory in Adra Industrial City will expand Syria’s cement production. This project is vital for rebuilding infrastructure and supporting economic recovery.
Meanwhile, Gulf nations are accelerating efforts to support Syria’s postwar economy. Recently, Saudi Arabia and Qatar settled Syria’s $15.5 million World Bank debt. This step unlocked critical reconstruction funds.
Syria also signed a $7 billion deal with a Qatar-led consortium to double its national power grid capacity. Dubai’s DP World entered Syria’s market with an $800 million agreement to develop the port of Tartus. These moves reflect regional confidence in Syria’s recovery and future investment potential.
Moreover, high-level talks between President Ahmad Al Shara and Crown Prince Mohammed Bin Salman paved the way for stronger cooperation. Their discussions focused on energy, education, healthcare, and technology partnerships. These efforts align with Syria’s long-term development goals.
To attract investors, Syria amended its investment laws to create a more favorable environment. As a result, Economy Minister Mohammad Al Shaar highlighted the reforms’ role in encouraging foreign and domestic capital.
He explained that the updated legal framework supports Saudi Arabia Syria investment and strengthens the private sector’s role in rebuilding. Therefore, investors now see Syria as a safer and more attractive market.
The forum demonstrates Saudi Arabia’s commitment to rebuilding Syria and boosting regional stability. By fostering partnerships and launching key projects, the kingdom strengthens its influence while aiding Syria’s economic recovery.
Ultimately, the Saudi Arabia-Syria investment highlights a strategic focus on sustainable growth and prosperity. Both nations are now prioritizing joint ventures with long-term benefits and closer bilateral ties.
