Saudi Arabia continues to strengthen regional partnerships. In July 2025, a high-level investment delegation visited Syria to boost economic collaboration. His Excellency Khalid Al-Falih, Minister of Investment, led the delegation.
The visit resulted in 47 investment agreements and memoranda of understanding. Together, these agreements are worth nearly $6.4 billion (SAR 24 billion).
The agreements were signed during the Syrian-Saudi Investment Forum in Damascus. Syrian President Ahmad Al-Sharaa hosted the forum under his patronage. This visit marks a major step in Saudi Arabia’s strategy to support regional development and economic recovery.
Saudi Arabia’s Strategic Investments
The new deals reflect Saudi Arabia’s long-term vision for rebuilding the region. The investments target key sectors essential for Syria’s recovery and growth.
- Infrastructure and Real Estate: Saudi Arabia allocated $2.9 billion to build infrastructure. This includes three cement factories to meet reconstruction needs.
- Telecommunications and IT: Saudi telecom firms will invest $1.07 billion. Their goal is to enhance digital infrastructure and cybersecurity in Syria.
- Aviation Development: Saudi investors plan to develop five airports. These include a new international airport in Damascus with a 30 million passenger capacity.
- Commercial Projects: Saudi companies will build the Al-Jawhara Commercial Tower and the Al-Fayhaa Cement Factory. These projects are worth over $127 million combined.
- Finance and Capital Markets: The Saudi Tadawul Group signed an agreement with the Damascus Securities Exchange. They will cooperate in fintech and capital markets development.
Advancing Regional Stability
Saudi Arabia plays a leading role in supporting Syria’s post-conflict recovery. The new investments aim to create jobs and rebuild vital services. These agreements follow the lifting of international sanctions. They also reflect the Kingdom’s commitment to peace and regional stability.
Moreover, Saudi Arabia’s Vision 2030 encourages global economic partnerships. These deals align perfectly with that national vision. They also strengthen the Kingdom’s presence in regional markets.
Strong Institutional Support
The two nations have formed the Saudi-Syrian Business Council. This new body will oversee private sector partnerships. It will also help monitor the progress of all signed agreements. This ensures accountability and sustainable development.
A Forward-Looking Partnership
Saudi Arabia has taken a bold step by leading this investment effort. The $6.4 billion agreements span construction, energy, transport, and IT. These initiatives will help rebuild Syria and improve lives.
More importantly, they show Saudi Arabia’s dedication to economic leadership in the Arab world. As these projects progress, they will unlock new business opportunities for both countries.
Saudi Arabia’s role remains central in shaping a stable, prosperous Middle East. This partnership with Syria is a powerful example of that mission in action.
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Owais Qarni is a Co-Founder, Chief Editor, and Author of Saudi Scoop. He is passionate about tech, cars, and traveling. A Dreamer, Explorer & Optimist!
