Saudi Arabia Signs $5.6 Billion Deals to Help Rebuild Syria
A group from Saudi Arabia visiting Syria has signed investment deals worth $5.6 billion (about SAR 21 billion) to help rebuild the country, according to reports.
These investments will support important areas like real estate, infrastructure, technology, aviation, industry, tourism, energy, and trade. This was announced by Saudi Arabia’s Ministry of Investment, as reported by AFP.
Over 130 Saudi businesspeople and investors, led by Investment Minister Khalid bin Abdulaziz al-Falih, arrived in Damascus on Wednesday. They took part in a Saudi-Syrian investment forum that promotes long-term development. During the visit, the minister opened a white cement factory in Adra Industrial City near Damascus.
The Saudi government wants private Saudi companies to take part in rebuilding Syria. They plan to do this by finding interested companies and holding workshops to introduce investment opportunities.
The visit aims to strengthen the relationship between Saudi Arabia and Syria and help support Syria’s economy. It also looks at possible business deals and solving problems faced by investors.
The Saudi group was welcomed by Syrian government ministers and the Saudi ambassador to Syria.
Travel Permits for Business Visits
On Tuesday, Saudi Arabia’s embassy in Syria said that business travel permits are now available. These permits allow Saudi and Syrian businesspeople to visit each other’s countries to explore business opportunities.
Syrian investors can apply for these permits at the Saudi embassy in Damascus, while Saudi investors can apply online.
This step is part of Syria’s efforts to attract more business and support reconstruction projects.
Saudi Arabia’s Support for Syria
Saudi Arabia has shown strong support for Syria’s new government, which replaced Bashar al-Assad in December after 14 years of civil war.
In April, Saudi Arabia and Qatar also promised to pay off Syria’s $15 million debt to the World Bank.
Published: 25th July 2025
For more article like this please follow our social media Twitter, Linkedin & Instagram
Also Read:
Egypt’s National Printing Sets IPO at $0.4 for 10% Stake Listing
UAE Banking Sector Assets Increased Slightly in April
Check 2025 High School Results Instantly via Official Link
