
Saudi Arabia, Syria Explore Investment Cooperation
On Wednesday, the Saudi Minister of Investment, Khalid Al-Falih, held a virtual meeting with the Syrian Minister of Economy and Industry, Mohammad Nidal al-Shaar, to discuss avenues for joint investment cooperation and explore the promising economic opportunities in the Syrian market.
During the meeting, the two ministers discussed potential areas for public-private partnership and ways to strengthen targeted investments in the productive and service sectors, with the aim of supporting economic development and opening new channels for integration between Saudi Arabia and Syria.
On his part, Al-Falih emphasized the importance of fostering an enabling environment for expanding regional investment partnerships.
He also reaffirmed Saudi Arabia's commitment to supporting the stability and growth of Syria's economy in a way that benefits the mutual interests of both countries and promotes regional economic prosperity.
Most recently, the Saudi Foreign Minister, Prince Faisal bin Farhan, headed a high-level economic delegation to Syria, where he met with the Syrian Transitional President, Ahmed Al-Sharaa, in Damascus.
They discussed avenues for joint cooperation aimed at supporting Syria's economy, enhancing the development of its governmental institutions, and fulfilling the aspirations of the Syrian people.
The discussions yielded in the announcement of a Saudi-Qatari joint financial support package for Syrian public sector employees for three months.
'This support aims to contribute to economic and social stability, improve living conditions, and reinforce development efforts in Syria,' Saudi Arabia and Qatar said in a joint statement.
In April 2025, Saudi Arabia and Qatar had committed to settling Syria's outstanding arrears to the World Bank Group, which is around $15 million, in order to support and accelerate the recovery of Syria's economy.
Short link :
Post Views: 7
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arab News
18 minutes ago
- Arab News
Saudi Crown Prince, Italian PM discuss Gaza
RIYADH: Saudi Crown Prince Mohammed bin Salman on Tuesday spoke by phone with Italian Prime Minister Giorgia Meloni, the Saudi Press Agency reported. They also reviewed developments in the Gaza Strip, including security and humanitarian repercussions, and stressed the need for international efforts to halt the escalation, end the effects of the conflict, and protect civilians. They also discussed Saudi-Italian ties and ways to develop them, SPA added.


Saudi Gazette
33 minutes ago
- Saudi Gazette
Italian PM Meloni calls Saudi Crown Prince to discuss developments in Gaza
Saudi Gazette report NEOM — Saudi Crown Prince and Prime Minister Mohammed bin Salman received on Tuesday a phone call from Italian Prime Minister Giorgia Meloni. During the call, they discussed aspects of joint cooperation between the two countries and ways to develop them in several fields. The two leaders also discussed the latest developments in the Gaza Strip and their security and humanitarian repercussions. They underlined the need for the international community to exert all efforts to de-escalate the situation, end the disastrous effects of the aggression, and protect civilians.


Arab News
an hour ago
- Arab News
Saudi deputy minister receives ambassador of Iraq
RIYADH: Saudi Arabia's Deputy Minister for Consular Affairs Ehab Al-Najjar received the Ambassador of Iraq to the Kingdom Safia Taleb Al-Suhail in Riyadh on Tuesday. In a separate meeting, he met with Pakistan's Ambassador to Saudi Arabia Ahmed Farooq, the Foreign Ministry wrote in a post on X. During the meetings, all sides discussed bilateral relations and consular issues of common interest.