RIYADH: A Syrian delegation of private sector representatives and government officials are due in Riyadh on Monday as Saudi Arabia further strengthens its commitment to re-engage with the conflict-ravaged country and support its reconstruction efforts.
The delegation will be led by Mohammad Nidal Al-Shaar, Syria’s Minister of Economy and Industry, the Saudi Press Agency reported.
The visit follows up on the Syrian-Saudi Investment Forum held last month in Damascus, with more than 100 Saudi companies and 20 government entities joining the event, that yielded $6.4 billion worth of investment deals.
The 47 investment pledges ranged from real estate, infrastructure, finance, telecommunications and information technology, energy, industry, tourism, trade and health.
Among these include $1.07 billion worth of pledges from Saudi telecommunications companies including Saudi Telecom Co., GO Telecom, digital security firm Elm and cybersecurity company Cipher; while the $2.93 billion investment deals included the construction of three new cement plants to support Syria’s reconstruction efforts.
