Damascus: Leading Saudi companies and Syrian government entities signed a series of strategic contracts on Saturday, aiming to bolster economic cooperation between the two countries. This development took place in the presence of a high-level Saudi government delegation, marking a significant step toward enhancing bilateral ties. According to Kuwait News Agency, the Saudi delegation, headed by Minister of Investment Khalid Al-Falih, traveled to Damascus on an official visit. The delegation's arrival was marked by a meeting with President Ahmad al-Sharaa, focusing on strengthening economic and investment cooperation between Saudi Arabia and Syria. The visit is part of a broader effort to support the strategic partnership between the two nations. It aims to enhance the private sector's role in development and establish a sustainable path for economic integration. The signed contracts cover key sectors such as aviation, telecommunications, infrastructure, and development, all aimed at bolstering Syria's recove ry. Saudi Minister of Investment Khalid Al-Falih highlighted the significance of the visit, stating that it marks a pivotal milestone in the Saudi-Syrian economic partnership. This builds on previous agreements and forums held over the past year, which aimed to activate joint work mechanisms in crucial sectors. These efforts emphasize the strategic alliance dedicated to expanding investment opportunities and deepening economic integration in the coming phase. Al-Falih and the Saudi delegation plan to conduct a series of high-level meetings with Syrian officials to explore further investment prospects and create an environment conducive for quality investments.
