Saudi Arabia will organize a Saudi-Syrian investment forum in Damascus, aimed at exploring the potential for cooperation and signing deals that should promote sustainable development, the Saudi investment ministry said in a statement on Tuesday.
The statement did not set a specific date for the forum.
Also on Tuesday, the Saudi embassy in Damascus announced the introduction of special travel permits for businesspeople and investors from both countries, aimed at facilitating mutual visits and exploring investment opportunities.
Relations between Riyadh and Damascus have significantly improved since the ouster of former Syrian president Bashar al-Assad in December 2024. Saudi Arabia has since emerged as a key backer of Syria’s new leadership.
In a major policy shift announced in May during a visit to Riyadh, US President Donald Trump said he would lift all US sanctions on Syria at the request of Saudi Crown Prince Mohammed bin Salman – an important win for Damascus as it works to rebuild after years of conflict.
Reuters
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