Saudi Arabia supports Syria energy investment revival through high-level talks between Saudi and Syrian business leaders. These meetings aim to rebuild Syria’s energy sector and create new economic partnerships. Business representatives from both countries gathered in Riyadh to propose joint projects in both traditional and renewable energy fields.
To begin with, Syrian Energy Minister Mohammed Al-Bashir shared the ministry’s current progress and long-term goals. He stressed that strong economic cooperation and investor involvement remain essential for developing Syria’s energy infrastructure. Additionally, he encouraged private sector participation and welcomed joint ventures that could advance the energy sector.
Furthermore, the talks followed the momentum of the earlier Syrian-Saudi Investment Forum in Damascus. That forum brought together over 120 business leaders from both countries. During the event, participants signed 47 agreements and memoranda of understanding worth SR24 billion. This confirmed the increasing interest in regional cooperation.
Saudi Arabia supports Syria energy investment revival by facilitating major projects. For example, one of the key outcomes included the launch of the Fayhaa White Cement Factory in Adra Industrial City. Northern Region Cement Co. backed the project with a $20 million investment. The factory expects to create over 1,100 jobs and marks the first of its kind in Syria.
Moreover, business agreements also covered other sectors like telecommunications, agriculture, finance, health care, education, and technology. Investors signed deals worth SR4 billion targeting Syria’s telecom sector alone. These deals highlight the broad scope of Saudi-Syrian collaboration.
Saudi Arabia supports Syria energy investment revival not only through business but also through diplomacy. The Kingdom reopened its embassy in Damascus after more than a decade. This move helped rebuild formal ties and restore bilateral cooperation. Shortly after, Saudi Arabia and Qatar jointly helped Syria pay a $15 million debt to the World Bank. That payment allowed Syria to access global development funds once again.
Leaders from both nations praised these renewed ties. Syrian Economy Minister Mohammad Al-Shaar called the forum a “historic milestone.” Saudi Investment Minister Khalid Al-Falih also confirmed Saudi Arabia’s strong commitment to supporting Syria’s recovery. He explained that the Kingdom wants long-term economic stability for the region.
In conclusion, Saudi Arabia and Syria continue to strengthen ties across many industries. Their partnership focuses not only on energy but also on economic recovery and regional growth. With major projects already in motion, both countries look forward to future achievements.
