Saudi Foreign Minister Arrives in Damascus with Top Economic Team
Saudi Foreign Minister Prince Faisal bin Farhan arrived in Damascus on Saturday for an official visit. He was joined by a top group of economic officials, according to the state news agency SPA.
Economic ties
The minister arrived with a group that included top Saudi officials: Royal Court Advisor Mohammed bin Mazyad Al-Tuwaijri, Vice Minister of Finance Abdulmuhsen bin Saad Alkhalaf, Assistant Minister of Investment Dr. Abdullah Aldubaikhi, Deputy Foreign Minister for Economic and Development Affairs Abdullah bin Zarah, and other officials from different areas.
The report said that this important economic group had a meeting with Syrian officials. They talked about working together to help the Syrian economy, strengthen government institutions, and support the hopes of the Syrian people.
Syrian Foreign Minister Asaad Hassan al-Shibani and Saudi Foreign Minister Prince Faisal bin Farhan spoke at a press conference after Bin Farhan met with Syrian President Ahmed al-Sharaa. They said the two countries are working more closely now and are committed to helping rebuild Syria after international sanctions were removed.
During the press conference, Bin Farhan said that Saudi Arabia and Qatar will give joint financial help to Syrian government workers. However, he did not say how much money they will provide.
Lifting of sanctions
This visit happened after the US and the European Union (EU) removed economic sanctions on Syria.
On Wednesday, the EU passed new laws to lift most of its sanctions to help Syria recover and move forward after President Bashar al-Assad’s fall. This decision came after EU foreign ministers agreed on it the week before.
The EU also took 24 organizations off its sanctions list, including the Central Bank of Syria, several major banks, and companies in important industries like oil, cotton, telecom, and media.
Earlier in May, the US also relaxed its sanctions. It now allows new investments, business deals with Syria’s new government, and US banks to work with the Commercial Bank of Syria. This happened after President Donald Trump said he would remove all sanctions on Syria.
Published: 2nd June 2025
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