Saudi Arabia to invest $6B in Syria in boost to Sharaa: What to know
The kingdom has been at the forefront of diplomatic and economic efforts to support Syria's recovery.
Saudi Arabia was expected to sign investment deals worth nearly $6 billion with Syria during the Syrian-Saudi Investment Forum, which began on Wednesday in Damascus.
What happened: The two-day forum, organized by the Saudi Ministry of Investment, is being attended by a delegation from the kingdom that includes government officials and business leaders, including Investment Minister Khalid Al-Falih and 120 investors across various sectors, according to the Saudi-based AlEkhbariya News.
Syrian Information Minister Hamza al-Moustafa said at a press conference in Damascus late Wednesday that 44 agreements, which will include deals, projects and memoranda of understanding, would be signed at a total value of more than $6 billion.
Syria’s state-run news agency SANA reported that the Saudi delegation was received at Damascus International Airport by Syrian Economy Minister Mohammad Nidal al-Shaar, Energy Minister Abdul Salam Heikal, Communications and IT Minister Abdul Salam Haykal, and the Saudi ambassador to Syria, Faisal bin Saud al-Majfal.
