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Saudi business delegation arrives in Syria eyeing $4 billion in deals

Middle East News

23-07-2025 | 11:39

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Saudi business delegation arrives in Syria eyeing $4 billion in deals

Saudi Arabia's investment minister led a business delegation travelling to Syria on Wednesday, where they were expected to sign deals worth around $4 billion as part of Riyadh's efforts to support the country's post-war recovery.

The Gulf kingdom has been a crucial supporter of interim President Ahmed al-Sharaa's government, which came to power after toppling longtime ruler Bashar al-Assad in December and is now seeking to rebuild Syria after a 14-year civil war.

Saudi investment minister Khalid bin Abdulaziz Al-Falih, who brought around 130 Saudi businesspeople to Damascus, is set to hold meetings with Syria's leadership ahead of a two-day investment conference opening on Wednesday, according to people due to attend.

During his visit to Syria, Saudi Arabia's Al-Falih and his Syrian counterpart launched a cement factory project on Wednesday in Adra Industrial City in Damascus' countryside, the first white cement production project in the country, Syrian state news agency SANA said.

Reuters

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