Today (Saturday), Saudi Arabia and Syria signed five strategic agreements between Saudi companies and Syrian government entities.
The agreement included the conclusion of an agreement between Elaf Fund and Syrian Civil Aviation to develop and operate two airports in Aleppo.
In addition to signing an agreement with the Syrian government fund to develop a Syrian cable company, a joint airline company will also be established between the two countries.
The announced agreements included an agreement on the development of desalination and water transport in Syria.
The head of the Syrian Investment Authority said that the agreements signed with Saudi Arabia will contribute to infrastructure development, stressing that these agreements will benefit the Syrian people.
A Saudi delegation led by Engineer Khalid Al-Falih, Minister of Investment, arrived in the Syrian capital Damascus today (Saturday) at the start of an official visit aimed at strengthening economic and investment cooperation between Saudi Arabia and Syria and promoting the bilateral partnership towards the practical implementation phase of joint projects.
The visit takes place within the framework of supporting the path of strategic partnership between the two brotherly countries, strengthening the role of the private sector in supporting development projects and building a sustainable path towards economic integration. In a way that realizes common interests and keeps pace with the next stage of development trends.
The agreements concluded include the areas of aviation, communications, infrastructure and development initiatives.
The visit will also include holding a series of high-level official meetings with a number of officials and relevant authorities. Discuss prospects for investment cooperation, discuss ways to implement joint projects and provide a stimulating environment to attract quality investments.
Partnership between the two countries
The visit represents a forward step in Saudi-Syrian economic cooperation. It comes as a continuation of a series of meetings and forums held over the past year, which resulted in the signing of a number of agreements to promote mutual investment and activate joint working mechanisms in a number of important areas. These continued efforts affirm the strategic unity between the two countries in supporting economic development and expanding investment opportunities for the Saudi and Syrian private sectors, within the framework of the country’s larger ambitions to deepen joint economic integration. Next stage.
Saudi Arabia and Syria today (Saturday) signed five strategic agreements between Saudi companies and Syrian government entities.
The agreement included the signing of a contract between the “Iraf” Fund and Syrian Civil Aviation for the development and operation of Aleppo Airport.
In addition to signing an agreement with the Syrian government fund to develop a Syrian cable company, a joint airline company will also be established between the two countries.
The announced agreement included a deal to develop water desalination and transportation in Syria.
The head of the Syrian Investment Authority said that the agreements signed with Saudi Arabia will contribute to infrastructure development, stressing that these agreements will benefit the Syrian people.
A Saudi delegation led by Minister of Investment and Technology Khalid al-Falih arrived in the Syrian capital Damascus today (Saturday) at the start of an official visit aimed at strengthening economic and investment cooperation between Saudi Arabia and Syria and promoting the bilateral partnership towards the practical implementation phase of joint projects.
The visit comes as part of supporting the path of strategic partnership between the two countries, strengthening the role of the private sector in supporting development projects, and preparing a sustainable path towards economic integration. It is necessary to contribute to mutual benefits and keep pace with the next stage of development trends.
The agreements signed cover the areas of aviation, telecommunications, infrastructure and development initiatives.
The visit also included holding a series of high-level official meetings with multiple officials and relevant organizations to discuss prospects for investment cooperation, explore ways to implement joint projects, and provide an encouraging environment to attract high-quality investments.
