Saudi–Syria Forum Announces SAR 19bn in Investments, 38 MoUs Across 11 Sectors

A high-level Saudi visit and forum underscored the Kingdom’s strategy of using investment to spur stability and shared growth with Syria. The forum culminated in SAR 19 billion in announced investments and 38 agreements/MoUs spanning 11 priority sectors—signaling a structured roadmap for reconstruction, job creation, and economic integration.

Why it matters

The event highlighted Saudi Arabia’s leadership in advancing regional peace and stability through practical, forward-looking economic cooperation—positioning investment as a catalyst for deeper Arab integration and long-term development in Syria.

Who attended

Participation was broad from both public and private sectors: over 150 Saudi representatives and more than 400 leaders from both countries took part, underscoring confidence in Syria’s long-term economic potential and the rebuilding agenda.

Key agreements by sector

Real estate (≈ SAR 4bn+): Integrated housing, hotels, and commercial projects in Damascus, Homs, and other cities to support community stabilization and modern infrastructure.
Infrastructure (≈ SAR 7bn+): Cement and gypsum initiatives to power energy recovery, industrial output, and direct job creation.
ICT (SAR 3.7bn): 12 projects in data centers, cybersecurity, smart communications, and digital infrastructure—building Syria’s digital-economy readiness.
Tourism (SAR 618m): Resort and hotel operations within mixed-use developments; ongoing negotiations with the Ministry of Tourism to revive destinations.
Energy (SAR 600m): Power infrastructure development, generation stations, and localized manufacturing of generators and distribution equipment.
Trade & investment (SAR 300m): Incubators, startup support, and innovation programs—attracting capital and empowering entrepreneurs.
Healthcare (SAR 142m): A pharmaceutical factory in Aleppo’s industrial zone to strengthen medication security; further work planned on hospitals and clinics.
Human resources (SAR 7m): Knowledge transfer, training, and capacity building aligned with labor-market needs.
Transport & logistics (SAR 1.125bn): Study and rehabilitation of Damascus International Airport toward international standards and licenses.
Industry (SAR 670m): New factories, infrastructure rehabilitation, and support for residential/industrial development.
Financial sector (SAR 3.75bn MoUs): Fintech cooperation, potential dual listings, sustainability initiatives, and data exchange—without binding obligations.

Outlook

Talks continue in priority areas such as tourism and healthcare—part of a wider agenda to modernize services and attract investment.

Editor’s note on figures: The framework references SAR 19bn in announced investments tied to the forum, while also framing broader strategic partnerships at SAR 15bn—reflecting different components of the overall economic engagement.