Saudi Arabia and Syria have signed an investment promotion and protection agreement, aimed at establishing practical frameworks to strengthen joint investments and develop strategic projects in industry, services, infrastructure, and tourism.

 

The agreement followed the Saudi-Syrian Roundtable Meeting held on Monday with the participation of Minister of Investment Khalid Al-Falih, Syria’s Minister of Economy and Industry Dr Mohammad Nidal Al-Shaar, and representatives from the private sector and companies from both sides, said a Saudi Press Agency report.

 

The roundtable addressed avenues of cooperation and opportunities for economic and investment partnerships in priority sectors, focusing on empowering the private sector in both countries, facilitating investment flows, and exchanging technical and knowledge expertise to support investment development and investor empowerment.

 

Minister Al-Falih said that the agreement reflects the kingdom’s commitment to building effective economic partnerships with brotherly countries, strengthening its role as a global investment hub, and opening new horizons for investors to explore quality opportunities that contribute to creating added value.

 

Meanwhile, the Syrian minister stressed that his country values the kingdom’s pivotal role in supporting regional economic cooperation, noting that the agreement represents a practical step toward deepening investment relations and a qualitative shift toward projects that achieve mutual benefit and strengthen economic ties between the two brotherly peoples.

 

The agreement aims to expand the scope of bilateral cooperation, attract quality investments in vital sectors, and create an enabling business environment that meets the aspirations of the private sector in both countries, said the report.