Latest news with #jointinvestments
LBCI
3 days ago
- Business
- LBCI
Syrian Telecom Minister tells LBCI: No privatization, 'SilkLink' project to connect Asia and Europe through Syria
Syrian Telecommunications Minister told LBCI that there are no plans to privatize the Syrian telecom sector, clarifying that current efforts are focused on joint investments to enhance the industry. The minister revealed the launch of a new initiative by the ministry called 'SilkLink,' a strategic digital infrastructure project aimed at positioning Syria as a vital data corridor between Asia and Europe. 'This project places Syria on the global digital map as a strategic route for data traffic,' the minister said, emphasizing its role in strengthening Syria's digital connectivity and economic positioning. He added that further details about the project will be announced to the media shortly.
Argaam
13-05-2025
- Business
- Argaam
Crown Prince: Saudi Arabia works with US on $600B partnership opportunities
Crown Prince Mohammed bin Salman stated that joint investments between Saudi Arabia and the US are one of the key pillars of both countries' economic relationship. In a speech at the Saudi-US Investment Forum in Riyadh, attended by President Donald Trump, he added that the economic ties between Saudi Arabia and the US have been reflected in the growth of trade exchange between the two countries. The Crown Prince noted that the two countries share a deep economic relationship dating back to 92 years ago. He said, "We are working on partnership opportunities worth $600 billion, including over $300 billion in agreements announced during the forum. In the coming months, we will move forward with the second phase to finalize the remaining agreements, aiming to raise the total to $1 trillion."
