Saudi Arabia and Syria are moving to strengthen economic ties through a recent virtual meeting between their investment and economic ministers. Both countries discussed expanding cooperation in public and private sectors, focusing on investments that could drive Syria’s recovery and boost regional economic integration.
The talks highlighted the importance of creating a supportive environment for cross-border investments, aiming to contribute to long-term stability. Syria, emerging from years of conflict, is pushing forward with economic reforms such as privatizing state assets, easing import restrictions, and encouraging foreign investment.
Recent developments include a major energy infrastructure deal, the reopening of the Damascus Securities Exchange, and a new fiber-optic project with Gulf partners. Saudi officials stressed their commitment to helping stabilize and develop Syria’s economy, emphasizing mutual benefits and the potential for greater regional prosperity.
Financial support from Saudi Arabia and Qatar for Syrian public sector salaries and the easing of Western sanctions are expected to further stabilize the economy and attract international investors. These efforts are part of Saudi Arabia’s broader strategy to expand its global investment presence and forge stronger economic links in the region.
Saudi officials have also been active internationally, signing agreements to promote trade and investment with countries such as Spain and Pakistan, and participating in global forums to advance economic partnerships aligned with the Kingdom’s Vision 2030 goals.