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Saudi Arabia to sign $4 billion investment deals with Syria in landmark economic forum

Saudi Arabia is set to sign investment deals worth SR15 billion (approximately $4 billion) with Syria during the Syrian-Saudi Investment Forum, which opened Wednesday in Damascus.

TAS News Service

info@thearabianstories.com

Wednesday, July 23, 2025

RIYADH : The high-profile forum, organised by the Saudi Ministry of Investment, brings together top government officials and business leaders from both nations, signaling a significant shift in regional diplomacy and economic cooperation after nearly a decade of suspended formal ties.

The investment initiative, launched under the directives of Saudi Crown Prince Mohammed bin Salman, aligns with the Kingdom’s broader vision for regional integration and sustainable development. According to the ministry, the deals aim to create joint ventures and sector-specific partnerships across infrastructure, agriculture, manufacturing, and technology.

A high-level Saudi delegation, including representatives from major firms, has arrived in Damascus to engage with Syrian counterparts, identify opportunities, and address potential barriers to investment. Several memorandums of understanding and joint venture agreements are expected to be signed during the forum.

In a bid to expand engagement, the Ministry of Investment has invited more Saudi companies to register interest via a dedicated platform, encouraging participation in Syria’s recovery and development plans.

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