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Saudi business delegation arrives in Syria; deals worth $4 billion to $6 billion seen being signed
DAMASCUS, SYRIA, JUL 22 – Saudi Investment Minister Khalid Al-Falih leads a delegation of over 130 investors aiming to sign $4 billion in agreements to support Syria's post-war economic recovery, officials said.
- Syria and Saudi Arabia announced 47 investment agreements valued at over $6 billion in Damascus on Thursday.
- A high-level Saudi delegation, including over 130 business leaders, arrived in Damascus to sign trade and investment agreements valued at over $4 billion.
- The agreements are expected to create around 50,000 direct and 150,000 indirect job opportunities in Syria.
56 Articles
56 Articles
What We’re Watching: Saudi invests in Syria rebuild, & More
Saudi seeks a piece of the Syrian pieSaudi Arabia has pledged to invest $6 billion to rebuild the war-torn Syrian economy, an amount that represents roughly 30% of Syria’s 2023 GDP. Still, the investment is just a tiny fraction of the estimated $400 billion in reconstruction funds that Syria needs. We’re watching to see if the Saudi move spurs other regional powers to take the plunge too – either as partners or rivals to Saudi influence. Meanwhi…
Saudi Arabia is investing six billion US dollars in Syria.
After thirteen years of civil war, Syria's reconstruction is slowly gaining momentum. In Damascus, foreign delegations representing major international corporations like Shell, Thales, and Samsung have been coming and going in recent weeks. At the same time, the new president, Ahmed Al-Sharaa, continues to struggle to contain inter-group violence within the country. He faces the challenge of reviving Syria's collapsed economy. It had been under …
Saudi Arabia Pledges to Invest More Than $6 Billion in Syria
Saudi Arabia announced on Thursday $6.4 billion worth of investments in Syria, the latest sign of the two countries’ deepening relationship under the new Syrian government led by President Ahmed al-Shara. The investment deals were unveiled by the Saudi investment minister, Khalid Al-Falih, at a forum involving more than 100 Saudi investors in Damascus, the Syrian capital. Mr. al-Falih said that Prince Mohammed bin Salman, the de facto Saudi rule…
Syria and Saudi Arabia sign multi-billion dollar investment deals
Syria and Saudi Arabia have signed dozens of investment agreements aimed at revitalizing Syria’s war-torn economy. The deals, announced at the Syrian-Saudi Investment Forum, cover a broad range of sectors including real estate, telecommunications, and finance.
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