Saudi Arabia, Syria Hold Talks on Boosting Investment Cooperation
(MENAFN) Saudi Arabia and Syria explored strategies to accelerate investment partnerships during high-stakes discussions in Riyadh Monday, a Saudi press agency disclosed.
Representatives from both nations participated in the roundtable session, which centered on fast-tracking collaborative ventures, dismantling investment obstacles, and pinpointing opportunities within priority economic sectors.
Saudi Investment Minister Khalid Al-Falih affirmed the kingdom's determination to serve as an active partner in Syria's economic reconstruction, spotlighting a freshly inked agreement designed to promote and safeguard bilateral investments. The arrangement creates a legal infrastructure ensuring protection and equitable treatment for investors, he explained.
Al-Falih revealed that synchronization between the Saudi and Syrian central banks had progressed initiatives enabling direct banking transactions between the two nations, an advancement anticipated to streamline capital movement, strengthen commercial ties, and reinforce confidence in Syria's monetary infrastructure.
He noted the ministry was simultaneously developing investment funds spanning various sectors to provide project financing.
The session follows sustained expansion in economic relations between Riyadh and Damascus throughout recent months.
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