47 huge agreements and projects .. Saudi Arabia launches a new stage of investment in Syria

Today, the President of the Syrian Arab Republic, Ahmed Al -Shara, sponsored the work of the Saudi -Syrian Investment Forum in the capital, Damascus, in the presence of a number of ministers and officials in the two brotherly countries.
Eng. Khalid bin Abdulaziz Al -Falih said, in the opening speech of the forum, that the directive of His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister -may God protect him -to go to, in this delegation, which includes representatives of the government and private sectors from the Kingdom of Saudi Arabia, comes as an affirmation of the Kingdom’s firm and supportive position of Syria in its blessed career towards growth, economic prosperity, and sustainable comprehensive development.

Integrated relationships

He said: “We in this forum are not working to build new bridges, or develop modern relations between our two countries, because social, cultural, economic relations, document, mutual and integrated, have brought them together from long time, when the Arabian Peninsula and the Levant were two important episodes of global trade through the routes of silk, spices and incense, which extends from the east of the world to its west, then Islam came, fifteen centuries ago, to add to its values Semitism, and his tolerant belief, spiritual depth, intellectual, and cultural, farther and more comprehensive for a relationship that has been growing and flourishing for centuries, and will continue – God willing – over time. “
He added: “In the past decades, the Kingdom of Saudi Arabia and Syria have remained two sides of the same social, economic and political currency, while Syria represented a preferred center for the children of Saudi families, from the wise, which pursued the trade, the Kingdom of Saudi Arabia remained ahead of every free Syrian Syrian.

February meeting last

He continued: “Therefore, the meeting of His Royal Highness, Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, with the Syrian President, in the past and May of the past, came to this historical and human background, to strengthen it and open more doors in front of it, and promising areas for the foresight of the future, and building towards it in solidarity and complementarity between our two countries, our government and our people, including the Saudi private sector institutions.”
He added: “This takes us to the indications of this visit, which reflects the Kingdom of Saudi Arabia’s keenness to develop its relations with Syria, in its economic and investment part.”
The Minister of Investment stated that this forum attends from the Kingdom of Saudi Arabia, more than 20 government agencies, and more than 100 leading private sector companies, and invest internationally in many sectors, including: energy, industry, infrastructure and real estate, financial services, health, agriculture, communications and information technology, contracting, and others.

47 agreements with 24 billion investments

He added, “We will witness 47 agreements in this forum, with a total value of approximately 24 billion riyals, including real estate, infrastructure, finance, communications and information technology, energy, industry, tourism, trade and investment, health, and others.”
He stressed that the convening of this forum embodies the firm belief that the private sector is a major partner in achieving the common goals between the two countries, and encouraging investors, Saudis and internationals, to explore investment opportunities in this country, and contribute to its strategic projects, in order to achieve mutual benefit in a number of vital sectors.

11 billion agreements

He explained that in the infrastructure and real estate development sector, a number of agreements will be signed with a total value exceeding 11 billion riyals, including the establishment of more than three new cement factories, for Saudi investors; In order to secure the basic materials needed for construction, and enhance self -sufficiency in this vital field.
With regard to the communications sector, Al -Falih stated that this forum witnessed the launch of cooperation between the Ministry of Communications and the Syrian Technology and the Syrian Technical Companies, on the one hand, and a group of Saudi companies; In order to develop digital infrastructure, enhance cybersecurity capabilities, and build advanced systems in the areas of artificial intelligence, data centers, and educational academies, and the agreements in this field are estimated at a total value of approximately 4 billion riyals.

The agricultural sector

The agricultural sector in Syria promised a richness of promising capabilities in the fields of modern agriculture, grain production, organic products, and food supply chains, looking forward to work, with the Syrian side, to develop joint qualitative projects, including model farms, and manufacturing industries, in addition to cognitive and technical exchange.
During his speech, the Minister dealt with the financial services and transfer sector, which will witness today, the signing of a memorandum of understanding between the Saudi Tadawal Group Company and the Damascus Stock Exchange; It aims to enhance joint cooperation in the fields of financial technologies, double inclusion, exchange of data, and the launch of investment and transformational funds that will have a motivational impact of investment in Syria.

2600 Syrian entrepreneurs

The Minister of Investment praised the positive and active role that more than (2,600) of the Syrian entrepreneurs in the Kingdom, pointing out that the balance of direct investments for Syrian investors in the Kingdom reached approximately (10) billion riyals, and they will have a major role in building the new Syria and its growing economy.
He pointed out that the company “Beit Al -Iba” will sign a billionaire agreement to build a distinguished commercial project in Homs, usually this company and its counterparts, a model that follows to integrate between Saudi capital and Syrian local experience; To achieve sustainable social and commercial goals.
He said: “These numbers are nothing but the beginning, and do not represent what we aspire to, because we have to work together, closely and integrated, to enhance and develop these numbers to reflect the efforts of our two countries to build a better future for our two brothers.”

Improving the investment climate

Al -Falih praised the positive steps taken by the Syrian government; To improve the investment climate, foremost of which is the amendment of the Investment Law on June 24, 2025 AD, which came to give investors more guarantees and incentives, and contributes to facilitating procedures and enhancing transparency.
In a step that reflects the Kingdom’s keenness to develop investments in Syria, the Minister of Investment explained that a Saudi -Syrian Business Council, which includes a group of businessmen, was established, headed by Mohamed Abu Nian; With the aim of advancing economic cooperation, activating partnerships between private sector institutions in the two countries, and enhancing the presence of Saudi investments in the promising Syrian market.
Al -Falih stressed that the attention and presence of this forum in this forum, the leading and successful Saudi companies in their various investment fields.
He pointed out that the enthusiasm, interaction, and response we felt from everyone in the sisterly Syria, and the interaction and response to all of the agreements, and the conventions of this forum, which included many qualitative and vital fields, and the culmination of all of this from the Syrian President, and other officials in the sister Syria, from a commitment to support the growing march of Saudi -Syrian relations, in general, economic and investment in particular, Consultations and signs that confirm that the march of cooperation and integration, which we are witnessing today, is nothing but the beginning that carries – God willing – a future future with good, growth and prosperity, for our country and our people, in all fields and sectors, in light of the guidance and support of the leaders of the two countries.
He pointed out that this leads us to look at confidence to more and more such steps and qualitative investments in the near future -God willing -.
The minister expressed his thanks for what the dear Syria, its officials, and its honorable people surrounded the feelings of friendliness, celebration and generosity, since reaching the beloved land of Damascus.
The Minister of Investment conveyed the greetings of the Custodian of the Two Holy Mosques, and His Highness the Crown Prince -may God protect them -and their hope for Syria and its people with all the best, safety and growth.