Saudi Arabia, Syria Sign Investment Agreement to Boost Economic Partnership

Riyadh, August 19, 2025, SPA -- The Saudi-Syrian Roundtable Meeting was held 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.
The meeting took place within the framework of an official visit that reflects the two brotherly countries’ keenness to build bridges of economic cooperation and strengthen regional integration.
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.
The roundtable also witnessed the signing of an investment promotion and protection agreement between the Kingdom and Syria, aimed at establishing practical frameworks to strengthen joint investments and develop strategic projects in industry, services, infrastructure, and tourism.
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 economy and industry 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.
The meeting and signing were attended by senior government officials and representatives of the private sector from both sides, reflecting the shared desire to build strategic partnerships that support economic security and stability in the region.
-- SPA