Saudi, Syria Sign $4–6 Billion Investment Agreements

A Saudi delegation led by Investment Minister Khalid Al-Falih arrived in Damascus for the Saudi-Syrian Investment Forum, where Saudi Arabia and Syria are set to sign investment agreements valued between $4 billion and $6 billion. The deals cover sectors such as infrastructure, energy, real estate, tourism, industry, and communications, with over 120-150 Saudi investors and business leaders attending. Major projects include the Fayhaa White Cement Factory and the $100 million Al Jawhara Tower in Damascus to aid Syria’s reconstruction. The agreements form part of a broader Gulf-led initiative, joined by Qatar and the UAE, to support Syria’s post-war recovery following the ousting of Bashar Al Assad and the lifting of certain Western sanctions. Syria has amended its investment law to attract more domestic and foreign investors. The Saudi Ministry of Investment says the investments aim to foster sustainable development, economic stabilization, and regional integration amid ongoing security challenges.