Syria, Saudi Arabia
Digest more
1don MSN
RIYADH, July 23 (Reuters) - 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.
Abunayyan, Chairman of the Saudi-Syrian Business Council, said the council’s role goes beyond attracting Saudi investments to Syria. It also aims to bring in Syrian investors from abroad as well as foreign investments from various global markets to form partnerships and joint ventures in Syria.
The agreement aims to develop Syria’s digital infrastructure and expand access to high-quality telecommunications services
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,
The investment package includes deals across real estate, infrastructure, telecoms, logistics, energy, tourism, industry, and trade, according to Saudi's investment ministry
A Saudi delegation visiting Damascus on Wednesday inked investment and partnership deals valued at $5 billion to help rebuild war-battered Syria, the oil-rich Gulf kingdom announced.