KSA to invest $5bin Syria
Saudi Arabia has been a major backer of the new Syrian government, which seized power after Islamist-led rebels toppled longtime ruler Bashar al-Assad in December following 14 years of civil war.
The delegation of some 150 investors and representatives of the Saudi public and private sectors, led by Investment Minister Khalid Al-Falih, attended a forum in Damascus.
"The announced investments, valued at 19 billion Saudi riyals (about $5 billion), span vital and strategic sectors, including real estate, infrastructure, communications and IT, transportation and logistics, industry, tourism, energy, trade" and more, a statement from the investment ministry said.
On Tuesday, the ministry had said the Damascus forum aimed to "explore cooperation opportunities and sign agreements that enhance sustainable development and serve the interests of the two brotherly peoples".
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