Saudi investment delegation visits Damascus to boost economic ties
ALBAWABA- In a significant step toward strengthening economic ties, a high-level Saudi delegation led by Minister of Investment Khalid bin Abdulaziz Al-Falih arrived in the Syrian capital, Damascus, on Wednesday to participate in the Saudi-Syrian Investment Forum. Also Read Clashes in Southern Syria killed at least 1,000: SOHR
The visit reflects a new chapter in bilateral relations between the two countries, following years of strained ties.
The forum, held under the direction of Saudi Crown Prince Mohammed bin Salman, brings together more than 130 Saudi businessmen and investors, signaling strong official and economic interest in revitalizing cooperation with Syria.
Damascus Welcomes Saudi Business Delegation to Discuss Strategic Investment Agreements
A high-level Saudi delegation, comprising over 130 businessmen and investors and led by Minister of Investment Khalid bin Abdulaziz Al-Falih, arrived today at Damascus International Airport to… pic.twitter.com/yBauB10Ton — Levantine Logic (@SyriaRetold) July 23, 2025
According to the Syrian Arab News Agency (SANA), the forum aims to explore avenues for strategic partnerships that promote sustainable development and mutual economic benefit.
The visit marks a pivotal moment in Saudi-Syrian relations, with both sides expressing readiness to engage in wide-ranging economic cooperation.
Activities include the inauguration of the Fihaa white cement plant in Adra Industrial City, and high-level discussions on potential agreements across sectors such as energy, construction, and infrastructure.
In an interview with Al Arabiya, Saudi Ambassador to Syria Dr. Faisal Al-Mujfel emphasized that Saudi investors are now welcome to operate across all sectors in Syria.
He described the forum as a reflection of the Kingdom's commitment to supporting Syria's economic recovery, institutional rebuilding, and territorial integrity.
The Saudi Ministry of Investment echoed this sentiment in a statement, noting that the visit aligns with Crown Prince Mohammed bin Salman's directives to enhance regional partnerships and contribute to Syria's long-term stability and prosperity.
On Tuesday, Syrian President Ahmed Al-Sharaa received a Saudi business delegation headed by Mohammed Abu Nayyan, Chairman of ACWA Power, and Suleiman Al Muhaidib, Chairman of Al Muhaidib Group.
Talks focused on expanding economic and investment collaboration, with an eye toward long-term development goals and mutual interests.
In a move to facilitate further engagement, the Saudi Embassy in Damascus announced yestrday the availability of special travel licenses for businessmen and investors from both countries, enabling reciprocal visits and deeper exploration of investment opportunities.
© 2000 - 2025 Al Bawaba (www.albawaba.com)
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