Saudi Arabia, Syria advance industrial, investment partnerships

Saudi Arabia, Syria industrial, investment partnerships- GCC Business News
Image credits: SPA | Cropped by GBN
By Desk Reporter, GCC Business News

The Minister of Industry and Mineral Resources of the Kingdom of Saudi Arabia, Bandar Alkhorayef, has held a bilateral meeting in Riyadh with Syrian Minister of Economy and Industry Nedal Alchaar.

The discussions focused on strengthening economic relations and developing industrial investment partnerships between Saudi Arabia and the Syrian Arab Republic, with an emphasis on mutual growth and cooperation.

At the outset of the meeting, Alkhorayef expressed his pleasure at the Syrian Arab Republic’s participation as Guest of Honor in the third edition of the Made in Saudi Expo, noting that the move reflects the depth of fraternal relations, strong historical ties, and shared economic interests between the two countries.

The two sides discussed key aspects of industrial cooperation, including opportunities for Syria to benefit from the Kingdom’s expertise and proven experience in developing a competitive and diversified industrial sector.

The meeting also explored promising export opportunities that could support trade growth, enhance industrial and economic integration between the two countries, and advance their development objectives and shared interests.

Boosting UAE-Syria relations, Syrian Minister of Economy and Industry has also took part in the opening of the ‘Made in Saudi Arabia 2025’ exhibition in Riyadh, alongside Saudi Minister Bandar Al-Khorayef.

The third edition of the exhibition carried a distinctive regional dimension, with Syria participating as the guest of honor, a step that reflected the depth of fraternal ties and opened new horizons for industrial and economic integration between the two countries, in line with Saudi Arabia’s growing approach to supporting recovery and regional openness.

Nedal Alchaar also launched a support package for investors, including capital protection, development of new industrial zones in partnership with the private sector, long-term tax and customs exemptions, and the establishment of a unified investment window to streamline procedures.

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