المملكة: Al-Falih in Syria: a strategic partnership and leadership directions to develop the Syrian economy
Come visit Minister of Investment Eng. Khaled Al-Falih to Syria within the framework of supporting the path of the strategic partnership between the two brotherly countries, enhancing the role of the private sector in supporting development projects, and creating a sustainable path for economic integration; In a way that serves common interests, and keeps pace with Development trends in the next stage.
The visit comes as a continuation of a series of meetings and forums that were held during the past year, which resulted in the signing of a number of agreements to encourage mutual investment and activate joint work mechanisms in a number of vital sectors, as these continuing efforts confirm the strategic cohesion between the two countries in supporting economic development and expanding investment opportunities for the Saudi and Syrian private sector alike.
The development of the Syrian economy
The signing of the agreements reflects Investment agreements between Saudi companies and the Syrian side: The keenness of the wise leadership – may God protect it – to develop the Syrian economy, and for the Kingdom to be an active partner in Syria’s economic and development future, and to support its path towards stability and comprehensive transformation, based on the ties of brotherhood and unity of destiny that unite the two brotherly peoples. It also reflects the leadership role of the Kingdom at the international level in proposing and supporting initiatives aimed at supporting the Syrian government and the Syrian people.
The investment agreements signed between Saudi companies and the Syrian side will support plans The Syrian developmental government in many economic and investment fields, and the development of infrastructure and vital services, which will reflect positively on the services provided to the Syrian people, and contribute to providing direct and indirect job opportunities.
By signing and activating investment agreements and partnerships in vital fields, the Saudi and Syrian sides seek to consolidate investment and economic relations between the two countries, and enhance the sustainable economic partnership between the Kingdom and Syria, emphasizing the Kingdom’s leadership role in supporting stability and growth in Syria and the region.
The signing of the agreements between Saudi companies and the Syrian side comes as an extension of the efforts made by the Kingdom to support the recovery of the Syrian economy, strengthen efforts to address the economic challenges facing the Syrian government, and contribute to alleviating the suffering of the Syrian people.
Improving the investment climate
The investment partnerships between the Kingdom and Syria aim to improve the investment climate in Syria, enable joint projects on the ground, and create new investment opportunities in priority sectors according to the current economic needs of Syria, and in accordance with the interests of the two countries. Economic.
The new investments by Saudi companies in Syria are the largest of their kind since the lifting of US sanctions on Syria, and come at the beginning of a new phase of the investment partnership between the two brotherly countries. They are also an affirmation by the Saudi business sector of confidence in the success of the Syrian government in providing a political, security, legislative and economic climate that attracts investments.
The Kingdom has led an active diplomatic effort to call on international parties to lift the UN and Western sanctions imposed on Syria, and to enhance international openness to it. Its efforts culminated in the US President signing a decision to cancel it "Caesar Act" Lifting sanctions on Syria, which will contribute to enhancing the security and stability of Syria, alleviating the suffering of the Syrian people, making the transitional process successful, and supporting the Syrian government in confronting the economic challenges it faces.
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