Riyadh: Saudi Arabia and Syria have signed a significant investment agreement during the Saudi-Syrian Roundtable Meeting, featuring the participation of Khalid Al-Falih, Minister of Investment of Saudi Arabia, and Dr. Mohammad Nidal Al-Shaar, Minister of Economy and Industry of Syria. This meeting marked a notable step towards strengthening economic partnerships between the two nations.
According to Bahrain News Agency, the meeting took place on the sidelines of an official visit, underlining the commitment of both countries to advance economic cooperation and regional integration. The discussions focused on exploring avenues for cooperation and identifying opportunities for economic and investment partnerships in key sectors. Emphasis was placed on empowering the private sector in both nations, enhancing investment flows, and sharing technical and knowledge expertise to bolster investment development and investor empowerment.
The roundtable culminated in the signing of an investment promotion and protection agreement between Saudi Arabia and Syria. The agreement aims to establish practical frameworks to strengthen joint investments and develop strategic projects across various sectors, including industry, services, infrastructure, and tourism. This move is expected to expand the scope of bilateral cooperation, attract quality investments in vital areas, and create a conducive business environment that aligns with the aspirations of the private sector in both countries.