Damascus, 23 July 2025 – A significant Saudi-led investment delegation, headed by Investment Minister Khalid bin Abdulaziz Al‑Falih, concluded deals valued between $4–6 billion during a two‑day conference in Damascus. The agreements span multiple sectors including energy, transportation, banking, hospitality, and the launch of Syria’s first white‑cement factory in Adra Industrial City.
Around 130 Saudi entrepreneurs and officials participated, signaling deepening economic cooperation. The newly established Saudi–Syria Business Council is expected to oversee project implementation and bilateral trade growth. Saudi support also facilitated clearance of Syria’s World Bank arrears, attracting further investment from UAE and Qatar in port and power projects.
Strategic Impact:
- Saudi Arabia positions itself as a key partner in Syria’s economic rebuilding.
- Projects aim to create jobs, restore infrastructure, and revive manufacturing.
- Provides Gulf firms with new regional growth opportunities amid broader normalization.
