DAMASCUS: Saudi Arabia on Thursday signed major investment and partnership deals with Syria, valued at $6.4 billion, to help rebuild the war-ravaged country’s infrastructure, telecommunications and other major sectors.
Saudi Arabia has been a major backer of the new Syrian government, which seized power after an offensive toppled longtime Syrian ruler Bashar al Assad in December.
Speaking at the Syrian-Saudi Investment Forum in the Damascus presidential palace, Saudi Investment Minister Khalid Al Falih announced “the signing of 47 agreements and memoranda of understanding... with a total value of nearly 24 billion Saudi riyals (around $6.4 billion)”.
With interim President Ahmed al Sharaa and other officials in attendance, Syrian Economy Minister Mohammed al Shaar called the forum “a historic milestone in the history of relations between our two brotherly countries”. — AFP
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