Latest news with #FederationofSaudiChambersofCommerce
Leaders
23-07-2025
- Business
- Leaders
High-level Saudi Delegation Eyes Investment Opportunities in Syria
A high-level Saudi delegation has arrived in Damascus to explore promising investment opportunities and deepen economic ties between the Kingdom and Syria. The visit is organized by the Saudi Ministry of Investment, in coordination with the Federation of Saudi Chambers of Commerce, under the directives of the Saudi Crown Prince and Prime Minister, Mohammed bin Salman. Investment Opportunities The high-level visit aims to strengthen the fraternal bonds and historic ties between Saudi Arabia and Syria, and support Syria's economic recovery and growth, according to the Saudi Press Agency (SPA). To this end, a delegation comprising more than 120 businessmen and investors, as well as senior officials from the public and private sectors, will explore promising investment opportunities, facilitate bilateral cooperation, and tackle challenges facing investors to advance the economic interests of both countries. The visit aligns with the Saudi Investment Ministry's efforts to empower the Saudi private sector to take part in Syria's reconstruction and economic recovery efforts. This includes identifying companies interested in investing and holding a series of introductory workshops. Saudi-Syrian Investment Forum Moreover, the Saudi Investment Ministry will hold the Saudi-Syrian Investment Forum 2025 in Damascus, during which several investment deals, memoranda of understanding (MoUs) and joint projects will be announced to advance a sustainable economic partnership. In addition to the Saudi-Syrian Investment Forum 2025, the high-level visit, led by the Saudi Investment Minister, Khalid Al-Falih, is expected to generate business deals and projects worth $4 billion (SAR 15 billion), according to Al-Ekhbariya. In the light of this, the visit will witness the inauguration of the Fayhaa White Cement Factory project in the Adra Industrial City in Damascus, reported Syria's state news agency SANA. This will expand cement production and support Syria's reconstruction. Supporting Syria's Reconstruction The visit aligns with Saudi Arabia's efforts to support Syria's economic recovery and development. In June 2025, 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. 🎥 | The #Saudi Delegation of Over 120 Businessmen and Investors Arrives in #Damascus#AlEkhbariyaEN — AlEkhbariya News (@alekhbariyaEN) July 23, 2025 The meeting aimed to support Syria's economic development and open new channels for integration between Riyadh and Damascus, further underscoring the Kingdom'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. Moreover, Saudi Arabia and Qatar in April committed to settling Syria's outstanding arrears to the World Bank Group, which stands at $15 million, in order to support and accelerate the recovery of Syria's economy. Short link : Post Views: 9
Arab News
25-04-2025
- Business
- Arab News
Saudi Arabia takes part in European Economic Congress
RIYADH: Saudi Arabia participated in the 17th edition of the European Economic Congress, held in Katowice, Poland, from April 23-25. The Saudi delegation consisted of Ambassador to Poland Saad bin Saleh Al-Saleh; Undersecretary of the Ministry of Investment for International Relations Sara Al-Sayed; Deputy Governor of the Saudi General Authority of Foreign Trade Abdulaziz Al-Sakran; and representatives from the Federation of Saudi Chambers of Commerce, specifically the Saudi-Polish Business Council. The Saudi delegation met with the Poland's deputy minister of Economic Development and Technology to discuss economic relations between Saudi Arabia and Poland and strategies to improve investment and trade exchange, as well as taking part in a dialogue session focused on the same topics and including a review of the economic transformations occurring in the Kingdom in light of Saudi Vision 2030. The delegation also conducted meetings and workshops with several representatives from companies attending the congress to present investment opportunities in the Kingdom.
Leaders
09-02-2025
- Business
- Leaders
Saudi Business Delegation Sparks New Investment Opportunities in Africa
A high-level Saudi business delegation is to embark on a multi-nation tour in Africa on Monday, targeting Kenya, Tanzania, and Rwanda. Led by Federation of Saudi Chambers of Commerce Chairman Hassan bin Moejeb Al-Huwaizi, the group includes 25+ CEOs and government representatives. This initiative aligns with Saudi Vision 2030's goal to diversify economic partnerships across Africa's 1.3 billion-consumer market. Forums to Unlock Mutual Growth The delegation attends the Saudi-Kenyan, Saudi-Tanzanian, and Saudi-Rwandan Business Forums to foster deeper trade relations and boost bilateral investment prospects. Saudi Arabia pursues an ambitious strategy to expand economic ties with Africa by rapidly tapping into its vast consumer market. The delegation will meet ministers and private-sector leaders to address regulatory frameworks and risk reduction for investors. Kenya's Trade CS Moses Kuria emphasized aligning educational curricula with Saudi labor needs to scale worker exports to 1 million. Tanzania's Minister Ashatu Kijaji highlighted joint ventures in agro-processing and mining as priority areas. Economic Strategy Kenya, Tanzania, and Rwanda feature thriving, dynamic business environments and remarkably frequently host international summits that attract diverse global investors. Moreover, the delegation plans to engage with private sector leaders and government officials through high-level forums and interactive discussions actively. Furthermore, the delegation incorporates lessons from recent global summits, including the World Chambers Federation Africa Summit 2025 to boost strategy. Vision and Impact The visit aligns with Saudi Arabia's Vision 2030 and strengthens the kingdom's commitment to international economic diversification through robust initiatives. Business forums and strategic meetings boost investment prospects while enabling dynamic partnerships between Saudi companies and local enterprises for growth. This tour reinforces Saudi Arabia's commitment to long-term African partnerships, combining financial muscle with strategic sectoral focus. Stakeholders anticipate new MOUs to emerge, further intertwining Saudi and East African economies. Short link : Post Views: 1
