US EditionSaudi Arabia Set to Sign $4 Billion in Trade Deals with Syria Amid Economic Reengagements - The Syrian Observer
DAMASCUS GOVERNORATE, SYRIA, JUL 22 – Saudi Arabia's $4 billion investment targets energy, transport, and infrastructure to support Syria's post-war recovery and regional economic integration, officials said.
- On Wednesday, a high-level Saudi delegation led by Saudi Minister of Investment Khalid bin Abdulaziz Al-Falih arrived in Damascus, ATTRIBUTION: YES- ALBAWABA, to participate in the investment forum under Crown Prince Mohammed bin Salman’s direction.
- Earlier this month, President Donald Trump dismantled US sanctions targeting Syria, facilitating the recent Saudi-Syrian investment forum in Damascus.
- The Saudi Embassy in Damascus announced special travel licenses for investors, facilitating reciprocal visits and investment opportunities, as part of the recent high-level delegation visit.
- A Syrian businessman said the two countries will launch a joint business council, while Dr. Faisal Al-Mujfel emphasized Saudi investors’ sector access as the forum was unveiled.
- Focusing on energy, transport and infrastructure positions Syria within an Arab-centric economic architecture, de-risked by the lifting of U.S. and EU sanctions; the Damascus-Jordan rail link could cut freight costs by 30%, enhancing regional integration.
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18 Articles
Saudi business delegation arrives in Syria; deals worth $4 billion to $6 billion seen being signed
RIYADH - Saudi Arabia's investment minister led a business delegation travelling to Syria on Wednesday, where they were expected to sign deals worth $4 billion to $6 billion as part of Riyadh's efforts to support the country's post-war recovery. Read more at straitstimes.com.
Saudi Arabia Set to Sign $4 Billion in Trade Deals with Syria Amid Economic Reengagements - The Syrian Observer
In a striking sign of deepening economic normalization between Saudi Arabia and Syria, a high-level Saudi delegation arrived in Damascus on Wednesday to sign trade and investment agreements valued at over $4 billion. The visit, led by Saudi Investment Minister Khalid Al-Falih, includes more than 130 business leaders from a wide range of sectors, and marks the most significant Saudi commercial engagement with Syria since the onset of the civil wa…
Saudi investment delegation visits Damascus to boost economic ties
ALBAWABA- In a significant step toward strengthening economic ties, a high-level Saudi delegation led by Minister of Investment Khalid bin Abdulaziz Al-Falih arrived in the Syrian capital, Damascus, on Wednesday to participate in the Saudi-Syrian Investment Forum...
The two countries plan to establish a joint business council with businesses from the Gulf countries and Turkey.
Saudi Arabia presses ahead with Syria investments
As Syria grapples with sectarian clashes in the south and Israeli airstrikes in Damascus, Saudi Arabia is pushing forward with plans to engage economically. A high-level business delegation led by Investment Minister Khalid Al-Falih arrived in the Syrian capital for an investment forum expected to generate trade deals worth 15 billion riyals ($4 billion). The message is that Riyadh isn’t concerned — yet — about the debate in Washington over the …
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