Saudi-Syrian Agreement to Enhance Joint Investment and Open New Economic Horizons

Saudi Arabia and Syria are preparing today, Monday, to sign an agreement to encourage and protect mutual investments, in a step that reflects the growing economic relations between the two countries and their commitment to providing a safe and attractive environment for investors.

According to Arab media, the Syrian delegation is headed by Minister of Economy and Industry Mohammad Nidal Al-Shahr, accompanied by representatives from the private sector from both sides, as part of an official visit to Riyadh aimed at enhancing economic cooperation and regional integration.

This step comes as a continuation of the outcomes of the Saudi-Syrian Investment Forum held last month under the patronage of Syrian President Ahmad Al-Shara, with broad participation from more than 100 Saudi companies and 20 government entities.

The forum resulted in the signing of 47 investment projects with total investments exceeding 24 billion riyals, covering sectors such as real estate, infrastructure, finance, telecommunications, information technology, energy, industry, tourism, health, and trade.

Observers believe that the new agreement will form a legal framework to protect investors and enhance the flow of capital, opening the door to promising economic opportunities that contribute to rebuilding the Syrian economy and support the Kingdom's vision to diversify its economy and strengthen its regional partnerships.