The Saudi-Syrian Investment Forum 2025 in Damascus ended with $6.4 billion in deals across various sectors, establishing a new era of cooperation.

The Saudi-Syrian Investment Forum 2025 wrapped up on Thursday in Damascus with a significant outcome, marked by 47 agreements and memorandums of understanding totaling SR24 billion ($6.4 billion). This forum underscores a renewed era of economic collaboration between the two nations.

During the opening session, Minister of Investment Khalid Al-Falih revealed Crown Prince Mohammed bin Salman’s directive to establish a high-level Saudi-Syrian Joint Business Council. This move reiterates Saudi Arabia’s dedication to facilitating Syria's reconstruction while fostering economic synergy between the two countries.

In attendance at the forum were Syrian President Ahmed Al-Sharaa, alongside representatives from over 100 Saudi private companies and 20 government entities. The initiative aims to establish robust partnerships spanning various sectors including energy, infrastructure, industry, real estate, finance, health, agriculture, and information and communications technology (ICT).

Al-Falih highlighted that the new business council would be chaired by esteemed businessman Mohammed Abunayyan, featuring leading Saudi executives, reinforcing the private sector's pivotal role in Syria’s economic revival.

Prominent agreements from the forum encompassed infrastructure and real estate deals exceeding SR11 billion ($2.9 billion), among them plans for three new Saudi-financed cement plants essential for Syria’s redevelopment journey.

In the realm of ICT, significant collaborations were announced encompassing partnerships between the Syrian Ministry of Communications and major Saudi technology firms like STC and Elm, collectively valued at SR4 billion ($1.06 billion). Furthermore, both parties agreed to strengthen agricultural cooperation, focusing on the development of model farms, effective food supply chains, and organic production innovations.

The financial sector also saw pivotal progress, marked by a key memorandum of understanding between the Saudi Tadawul Group and the Damascus Securities Exchange. This agreement aims to explore dual listings, fintech advancements, and establish new investment funds.

Al-Falih lauded the Syrian government’s recent reforms, notably the investment law amendments made in June, which have enhanced investor protections and streamlined regulatory protocols, fostering a more conducive investment environment.

Notably, Syrian investments in Saudi Arabia amount to SR10 billion ($2.66 billion), paving the way for integrated economic strategies moving forward.

Concluding on a high note, the forum showcased numerous Syrian investment opportunities, paving the way for what both nations describe as a “transformative partnership” grounded in shared history and ambitious economic aspirations. Akhbrna News was among the first to cover this pivotal event, marking a significant milestone in the region's economic landscape.