Syria Set to Witness $4bn worth of Agreements During Saudi Arabia's Investment Forum
In a significant development for Syria's post-conflict recovery, the Syrian-Saudi Investment Forum 2025 held in Damascus on Wednesday has resulted in a series of economic cooperation and investment agreements worth between $4 billion and nearly $6 billion. The forum, which drew broad participation from the public and private sectors, saw the signing of 44 agreements aimed at supporting Syria’s reconstruction and long-term development.
The agreements, led by Saudi Investment Minister Khalid bin Abdulaziz al-Falih and including over 130 Saudi businessmen and investors from various industries, cover key sectors such as real estate, infrastructure, communications and information technology, transportation and logistics, industry, tourism, energy, trade, and agriculture.
One of the most notable projects announced is the Fayhaa White Cement Factory in Adra Industrial City, a first-of-its-kind facility in Syria, backed by a $20 million Saudi investment from Northern Region Cement Co. This factory is expected to create about 130 direct jobs and over 1,000 indirect jobs, producing high-grade white cement vital for construction and reconstruction efforts.
The economic cooperation and investment agreements aim to build long-term prosperity in Syria and enhance Saudi Arabia’s role as a regional economic partner. These agreements align with Saudi Crown Prince Mohammed bin Salman’s vision to aid Syrian reconstruction and foster regional economic integration.
The total investment value of these agreements ranges from about $4 billion to nearly $6 billion. The projects are expected to generate approximately 50,000 jobs in Syria.
These agreements represent a significant turning point in Syria-Saudi bilateral economic relations focused on reconstruction and diversification of the Syrian economy. The move also aims to enhance economic relations with Syria and explore cooperation opportunities.
The forum and agreements come after Saudi Arabia and Qatar paid off Syria's $15.5 million debt to the World Bank, unlocking access to critical reconstruction grants following the ousting of former Syrian leader Bashar Al Assad in December. Gulf states, including Saudi Arabia and Qatar, are continuing to invest in Syria's post-Assad future, launching diplomatic, financial, and infrastructure support.
Other notable projects include the addition of 5,000 megawatts to the national grid, aiming to double the country’s power supply, and the development of the port of Tartus by Dubai port operator DP World.
In conclusion, the Syrian-Saudi Investment Forum 2025 marks a significant step forward in rebuilding Syria’s economy and infrastructure, with the potential to create thousands of jobs and attract billions of dollars in investment. The agreements signed will promote sustainable development and strengthen mutual economic interests, signalling a new era of economic cooperation between Syria and Saudi Arabia.
- The Syrian-Saudi Investment Forum 2025 held in Damascus has resulted in agreements worth between $4 billion and nearly $6 billion, which are aimed at supporting Syria’s reconstruction and long-term development.
- The agreements cover key sectors such as real estate, infrastructure, communications and information technology, transportation and logistics, industry, tourism, energy, trade, and agriculture.
- One of the most notable projects announced is the Fayhaa White Cement Factory in Adra Industrial City, a first-of-its-kind facility in Syria, backed by a $20 million Saudi investment from Northern Region Cement Co.
- This factory is expected to create about 130 direct jobs and over 1,000 indirect jobs, producing high-grade white cement vital for construction and reconstruction efforts.
- The total investment value of these agreements ranges from about $4 billion to nearly $6 billion and the projects are expected to generate approximately 50,000 jobs in Syria.
- Other notable projects include the addition of 5,000 megawatts to the national grid, aiming to double the country’s power supply, and the development of the port of Tartus by Dubai port operator DP World.
- The forum and agreements come after Saudi Arabia and Qatar paid off Syria's $15.5 million debt to the World Bank, unlocking access to critical reconstruction grants following the ousting of former Syrian leader Bashar Al Assad in December.
- The aim of these economic cooperation and investment agreements is to build long-term prosperity in Syria and enhance Saudi Arabia’s role as a regional economic partner, aligning with Saudi Crown Prince Mohammed bin Salman’s vision to aid Syrian reconstruction and foster regional economic integration.
