Saudi-Syrian Roundtable Meeting Explores New Investment Opportunities In Priority Sectors

A significant meeting took place in Riyadh, bringing together Saudi and Syrian officials to discuss investment opportunities. Key figures included Minister of Investment Khalid Al-Falih and several Syrian ministers. The discussions aimed to address challenges, find solutions for activating projects quickly, and explore new opportunities in priority sectors. Establishing frameworks for future cooperation was a primary focus.

Al-Falih expressed Saudi Arabia's commitment to being a key partner in Syria's economic development. He emphasised the importance of a newly signed agreement that encourages and protects mutual investments. This agreement provides a legal framework ensuring protection and fair treatment for investors from both countries.

The meeting highlighted progress in cooperation between the Ministry of Investment, the Saudi Central Bank, and the Central Bank of Syria. Efforts have been made to enable direct bank transfers between the two nations. This advancement is expected to facilitate capital movement, support trade and investment activities, and boost confidence in Syria's financial system.

Additionally, the Ministry of Investment is working on establishing several investment funds across various sectors. These funds aim to finance joint projects and position Saudi investment funds as reliable channels for directing regional and global investments into Syria.

The roundtable included dialogue sessions focused on improving the investment climate. Parallel meetings were held in sectors such as energy, industry, communications, agriculture, and finance to confirm investment commitments. These discussions are part of the growing cooperation between Saudi Arabia and Syria in recent months.

Al-Falih noted significant progress in key areas of cooperation during these discussions. He mentioned collaborative efforts among various entities to advance initiatives that support economic ties between the two countries.

This high-level meeting signifies an extension of the increasing investment collaboration between Saudi Arabia and Syria. Both public and private sector representatives from both nations participated actively in these discussions.

The meeting underscored the importance of developing practical solutions for rapid activation of investment projects. It also explored new opportunities in priority sectors while focusing on establishing appropriate frameworks for future cooperation.

With inputs from SPA