Saudi Arabia, Syria agree to enhance economic cooperation, trade,investment activities

Saudi Arabia and Syria’s business leaders have come to an agreement to reestablish economic cooperation, resume commercial and investment activities, and promote bilateral events. The focus is on facilitating investment opportunities in both Saudi Arabia and Syria, while also fostering economic forums to enhance trade balance. This agreement aligns with Syria’s opening to its Arab neighbors.

The discussion took place during a meeting between Hasan Al-Huwaizi, Chairman of the Board of Directors of the Federation of Saudi Chambers, and Muhammad Abu Al-Huda Al-Lahham, President of the Federation of Syrian Chambers of Commerce. Both leaders, accompanied by their respective delegations, convened during their participation in the Arab-China Business Conference held in Riyadh.

The Syrian delegation expressed gratitude for the Kingdom’s supportive stance towards Syria and its people. They acknowledged the notable progress made by Saudi Arabia and expressed the Syrian business sector’s keen interest in entering the Saudi market and investing across various economic sectors.

Both parties emphasized the importance of reciprocal visits by trade delegations, enabling investors to leverage opportunities in Saudi Arabia and Syria, and establishing economic forums to bolster economic cooperation between the two nations.