US EditionSyria and Saudi Arabia agree to boost economic cooperation after Western sanctions eased
- In early June 2025, Prince Faisal bin Farhan, the foreign minister of Saudi Arabia, traveled to Damascus to announce plans for enhanced economic collaboration between Syria and Saudi Arabia.
- This visit followed the easing of Western sanctions on Syria by the U.S., EU, and UK earlier this month, which is expected to encourage foreign investment.
- Prince Faisal leads an economic delegation as Saudi businessmen plan to visit Syria to explore opportunities in oil, infrastructure, IT, telecommunications, and agriculture.
- Two days before the visit, Syria signed a 5,000-megawatt energy project agreement with a Qatari, Turkish, and U.S. Consortium aimed at restoring its damaged electricity grid.
- The cooperation aims to create jobs for Syrians and support reconstruction, with Prince Faisal stating Saudi Arabia will lead regional efforts to aid Syria's economic revival.
36 Articles
36 Articles
Associated Press News
Syria and Saudi Arabia agree to boost economic cooperation after Western sanctions eased
Syria and Saudi Arabia say hey aim to boost economic cooperation in what strengthens their interests and creates jobs for Syrians after Western sanctions imposed on the war-torn country were eased earlier this month.
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