Syrian Delegation Visits Riyadh to Strengthen Economic Ties Following $6.4 Billion Investment Pledge

Syrian Delegation Visits Riyadh to Strengthen Economic Ties Following $6.4 Billion Investment Pledge
——————————————-
A Syrian delegation led by Minister of Economy and Industry Mohammad Nidal al-Shaar is set to visit Riyadh on Monday to enhance economic relations with Saudi Arabia, Khaama Press reported. This visit follows Saudi Arabia’s announcement of a $6.4 billion investment pledge in Syria, aimed at boosting regional integration and supporting Syria’s economic recovery.

Last month’s Saudi-Syrian Investment Forum, sponsored by Syria’s interim president Ahmad Sharaa, resulted in 47 investment agreements across sectors including infrastructure, energy, manufacturing, and agriculture. These agreements represent one of the largest foreign investment commitments in Syria in recent years.

Meanwhile, Reuters reports that Syria’s new government has been quietly restructuring the economy after the fall of Bashar al-Assad. The economic reforms are overseen by a committee led by Ibrahim Soukariyeh, an Australian of Lebanese descent previously sanctioned for alleged terror financing. This has raised concerns about transparency and governance in the country’s economic revival.

Analysts caution that while Saudi investment could provide critical capital for reconstruction, ongoing political risks and international sanctions may hinder Syria’s sustainable economic recovery.