Latest news with #KhalidbinAbdulazizAl-Falih
Broadcast Pro
3 days ago
- Business
- Broadcast Pro
Salam and Syrian Ministry of Communications sign MoU
The agreement aims to develop Syrias digital infrastructure and expand access to high-quality telecommunications services. As part of the Saudi-Syrian Investment Forum held in Damascus under the patronage of Syrian President Ahmed al-Sharaa, Etihad Salam Telecom Company (Salam) has signed a Memorandum of Understanding (MoU) with Syrias Ministry of Communications and Technology. The agreement aims to accelerate the development of the country's digital infrastructure and expand access to high-quality telecommunications services. The MoU sets out a collaborative plan to explore the establishment of IP Points of Presence (IP Nodes PoPs) in both Damascus and Aleppo. These infrastructure nodes will allow Salam to deliver highly reliable local and international Tier-1 connectivity, supporting Syrias ambitions for digital transformation and broader technological advancement. Salams involvement in the forum reflects its commitment to enhancing regional knowledge-sharing and applying global best practices across the telecommunications and ICT sectors. Since its founding in 2005, the company has built a strong reputation for innovation and leadership in Saudi Arabia and the wider Middle East. Speaking at the forum, His Excellency Eng. Khalid bin Abdulaziz Al-Falih highlighted the collaborative efforts between Saudi Arabia and Syria in telecommunications and ICT. He also extended his gratitude to His Excellency Abdulsalam Haykal, Minister of Communications and Technology in Syria, for maintaining close dialogue with Saudi companies. He stated: 'Our joint efforts aim to strengthen cybersecurity capabilities and develop advanced systems in programming, artificial intelligence, data centres, and educational academies in Syria. The estimated value of these investment agreements is approximately SAR 4bn.' Abdullah AlRufaidi, Vice President of Wholesale and Carrier Relations at Salam, commented: 'Our participation in the forum reflects Salams commitment to advancing regional cooperation, innovation, and digital transformation. By drawing on our successful business model in Saudi Arabia, we aim to deliver scalable, reliable telecom services that empower Syrias digital infrastructure and economic growth.' This initiative aligns with the Kingdom's broader vision to promote regional digital integration, enhance infrastructure readiness and drive sustainable technological advancement through impactful partnerships. It reflects the leadership's commitment to fostering deeper cooperation with the Syrian Arab Republic, advancing strategic collaborations in technology and economics, and building a foundation for stronger bilateral ties based on innovation and shared development.
Zawya
6 days ago
- Business
- Zawya
Salam signs agreement with Syria's Ministry of Communications and Technology to expand digital infrastructure and foster regional integration
Riyadh, Saudi Arabia: As part of the Saudi-Syrian Investment Forum held in Damascus under the patronage of Syrian President Ahmed al-Sharaa, Etihad Salam Telecom Company ('Salam') signed a Memorandum of Understanding (MoU) with the Ministry of Communications and Technology in the Syrian Arab Republic. The agreement aims to develop Syria's digital infrastructure and expand access to high-quality telecommunications services. The MoU outlines plans to explore establishing IP Points of Presence (IP Nodes PoPs) in Damascus and Aleppo, enabling Salam to provide high-reliability local and international Tier-1 connectivity. This will support the broader goals of digital transformation and technological development in Syria. Salam's participation in the forum underscores its commitment to enhancing regional digital and knowledge integration and applying global best practices in telecommunications and ICT. Since 2005, the company has leveraged its experience and achievements to solidify its leadership in Saudi Arabia and across the Middle East. During his speech at the forum, His Excellency Eng. Khalid bin Abdulaziz Al-Falih highlighted the collaborative efforts between Saudi Arabia and Syria in telecommunications and ICT. He also extended his gratitude to His Excellency Abdulsalam Haykal, Minister of Communications and Technology in Syria, for maintaining close dialogue with Saudi companies. He stated: 'Our joint efforts aim to strengthen cybersecurity capabilities and develop advanced systems in programming, artificial intelligence, data centres, and educational academies in Syria. The estimated value of these investment agreements is approximately SAR 4 billion.' Commenting on the occasion, Abdullah AlRufaidi, Vice President of Wholesale and Carrier Relations at Salam, said: 'Our participation in the forum reflects Salam's commitment to advancing regional cooperation, innovation, and digital transformation. By drawing on our successful business model in Saudi Arabia, we aim to deliver scalable, reliable telecom services that empower Syria's digital infrastructure and economic growth.' This initiative aligns with the Kingdom's broader vision to promote regional digital integration, enhance infrastructure readiness, and drive sustainable technological advancement through impactful partnerships. It reflects the leadership's commitment to fostering deeper cooperation with the Syrian Arab Republic, advancing strategic collaborations in technology and economics, and building a foundation for stronger bilateral ties based on innovation and shared development. About Etihad Salam Telecom Company Etihad Salam Telecom Company is one of the leading national companies in Saudi Arabia's telecommunications and information technology sector. Recognized as the Kingdom's fastest-growing and most innovative telecom brand, Salam has operated one of the region's most established telecom networks since 2005. The company provides cutting-edge ICT solutions for businesses, government entities, and carriers locally and internationally, along with fixed and mobile services supporting Saudi Arabia's digital transformation. As a key enabler of Saudi Vision 2030, Salam offers advanced telecommunications, cloud computing, data centers, and digital infrastructure. Its subsidiaries, Salam Mobile Telecom Company and Technical Links Services (TLS) ensure the delivery of innovative solutions and seamless connectivity across the Kingdom.
Straits Times
24-07-2025
- Business
- Straits Times
Saudi business delegation arrives in Syria; deals worth $4 billion to $6 billion seen being signed
Find out what's new on ST website and app. FILE PHOTO: Minister of Investment of Saudi Arabia Khalid bin Abdulaziz Al-Falih gestures during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. REUTERS/Hamad I Mohammed/File Photo RIYADH - Saudi Arabia's investment minister led a business delegation travelling to Syria on Wednesday, where they were expected to sign deals worth $4 billion to $6 billion as part of Riyadh's efforts to support the country's post-war recovery. The Gulf kingdom has been a crucial supporter of interim President Ahmed al-Sharaa's government, which came to power after toppling longtime ruler Bashar al-Assad in December and is now seeking to rebuild Syria after a 14-year civil war. Saudi Investment Minister Khalid bin Abdulaziz Al-Falih, who brought around 130 Saudi businesspeople to Damascus, is set to hold meetings with Syria's leadership ahead of a two-day investment conference opening on Wednesday, according to people due to attend. Syrian Information Minister Hamza al-Moustafa said at a press conference on Wednesday that Syria will sign 44 agreements with Saudi Arabia estimated to be worth nearly $6 billion. The agreements cover various sectors, including energy, telecommunications, financial and banking, investment funds and others, the minister said. Some of the agreements will be signed between the government and private companies, he said. Saudi state-run Al Ekhbariya television reported on Tuesday that the agreements to be signed between Damascus and Riyadh would be worth over $4 billion. During his visit to Syria, Saudi Arabia's Al-Falih and his Syrian counterpart launched a cement factory project on Wednesday in Adra Industrial City in the Damascus countryside, the first white cement production project in the country, with an investment worth $20 million, Syrian state news agency SANA said. Top stories Swipe. Select. Stay informed. World Trump was told he is in Epstein files, Wall Street Journal reports Opinion The US dollar is down, but it has a lot going for it Singapore Judge asks prosecution for more information on Kpods in first case involving etomidate-laced vapes Singapore Singapore Oceanarium will enhance tourism while supporting sustainability: Grace Fu Singapore 5 teens arrested for threatening boy with knife, 2 charged with causing hurt Singapore Over 1.15 million Singaporeans aged 21 to 59 have claimed SG60 vouchers Opinion Cinemas struggle in a world that cannot sit still Asia Japan PM Ishiba refutes reports of imminent resignation after surprise US trade deal Al-Falih also broke ground on an integrated retail project by Saudi investment firm Ethraa Holding that is worth 375 million riyals ($99.96 million) in investments. Saudi Arabia has shown interest in Syria's energy and hospitality sectors, as well as airports, a diplomat and a Syrian businessman familiar with the matter told Reuters. The two countries are also expected to launch a joint business council, said the Syrian businessman. The investment conference had initially been scheduled to take place in June, but was delayed due to the war between Iran and Israel. It is going ahead this week despite sectarian clashes in Syria's southern city of Sweida that have left hundreds dead. The violence is a reminder of the lingering instability in Syria, even as foreign investors explore opportunities. Companies, many from Gulf states and Turkey, have expressed interest in rebuilding Syria's power generation capacity, roads, ports and other damaged infrastructure. Syria has signed a $7 billion power deal with Qatar and an $800 million agreement with UAE-based port company DP World in recent months. U.S. energy firms are also set to draw up a master plan for the country's energy sector. For its part, Saudi Arabia, along with Qatar, paid off Syria's World Bank arrears, opening the possibility of new lending. Syria's al-Sharaa made his first trip abroad as president, to Saudi Arabia in February. And the kingdom's Crown Prince and de-facto ruler Mohammed Bin Salman successfully lobbied U.S. President Donald Trump to lift sanctions seen as holding back private investment. REUTERS
The Star
23-07-2025
- Business
- The Star
Saudi delegation arrives in Syrian capital for investment forum aimed at boosting economic ties
DAMASCUS, July 23 (Xinhua) -- A high-level Saudi delegation led by Investment Minister Khalid bin Abdulaziz Al-Falih arrived in the Syrian capital Damascus on Wednesday to launch the Saudi-Syrian Investment Forum, in a move seen as a significant step toward restoring and expanding economic cooperation between the two countries, according to the state news agency SANA. The delegation, dispatched under the direction of Saudi Crown Prince Mohammed bin Salman, includes more than 130 businessmen and investors. According to SANA, the forum aims to explore avenues for bilateral cooperation and facilitate the signing of agreements that support sustainable development and mutual economic interests between the two nations. As part of the program, the forum will include the launch of a white cement factory project in the Adra Industrial City in the Damascus countryside. In an interview Wednesday with Saudi-owned Al Arabiya TV, Saudi Ambassador to Syria Faisal bin Saud Al-Mujfel said the forum reflects the kingdom's leadership's commitment to supporting Syria's recovery, institutional rebuilding, and territorial unity. The Saudi Ministry of Investment stated that the kingdom's investments are part of broader efforts by the kingdom to strengthen bilateral ties and contribute to Syria's economic stabilization and long-term recovery. On Tuesday, Syrian interim leader Ahmad al-Sharaa received a separate delegation of Saudi business leaders, including ACWA Power Chairman Mohammad Abunayyan and Al Muhaidib Group Chairman Suleiman al-Muhaidib, to discuss deepening economic and investment cooperation. The Saudi Embassy in Damascus also announced that travel permits for businesspeople from both countries are now available, enabling mutual visits and exploration of investment opportunities across various sectors.
Arab News
29-04-2025
- Business
- Arab News
Saudi Arabia, Azerbaijan sign SME deal to strengthen trade ties
RIYADH: Saudi Arabia and Azerbaijan have signed a comprehensive agreement focused on strengthening economic collaboration through the development of small and medium-sized enterprises, in a move that underscores both nations' commitment to enhancing bilateral trade and investment. The memorandum of understanding was formalized during the 8th session of the Saudi-Azerbaijani Joint Committee, held in Riyadh. It was signed between Saudi Arabia's Small and Medium Enterprises General Authority, known as Monsha'at, and Azerbaijan's Small and Medium Business Development Agency, known as KOBIA. The SME agreement aligns with Saudi Arabia's Vision 2030 strategy, which prioritizes economic diversification and entrepreneurship. For Azerbaijan, it marks another step in forging strategic partnerships in the Gulf region to bolster private-sector growth and create new market opportunities for innovative enterprises. In a statement posted on X, Monsha'at said: 'In the presence of H.E Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, and the Deputy Prime Minister of the Republic of Azerbaijan, Samir Sharifov, Monsha'at, signed a MoU with 'KOBİA' Agency, as part of the 8th session of the Saudi-Azerbaijani Joint Committee activities, to strengthen cooperation in supporting the SMEs and entrepreneurship's growth between the two countries.' The agreement encompasses a broad range of initiatives, including knowledge exchange, joint training programs, and support for technical innovation. It also promotes investment opportunities, cross-border partnerships, and institutional collaboration through exhibitions and shared platforms. Saudi Arabia and Azerbaijan come together at the 8th Session of the Joint Commission between the two nations to unlock new investment opportunities, strengthen economic ties, and drive future collaboration across key sectors. — INVEST SAUDI (@InvestSaudi) April 29, 2025 In a separate announcement, the Saudi Ministry of Investment revealed the signing of two additional memorandums of understanding between private-sector companies from both countries. 'These agreements cover the development of maritime infrastructure and the establishment of industrial and medical facilities in the Kingdom, including the production of biotechnology and oncology medicines, the establishment of research and development centers, and infrastructure for re-export warehouses,' the Ministry noted in a post on X. The joint committee also reviewed a series of potential joint ventures aimed at strengthening cooperation across mutually beneficial sectors. These initiatives are closely aligned with both countries' long-term goals for economic diversification. Officials from Saudi Arabia and Azerbaijan emphasized the importance of fostering dynamic SME ecosystems as engines of job creation, innovation, and global competitiveness. By aligning policy frameworks and enabling institutional collaboration, the two nations aim to unlock greater private-sector engagement and regional trade expansion.
