Riyadh, SANA – Economy and Industry Minister Dr. Mohammad Nidal al-Shaar, and the Saudi Minister of Investment Eng. Khalid bin Abdulaziz al-Falih, signed an agreement to encourage and protect investment between the two countries.

Minister Al-Shaar considered that signing the agreement constitutes a qualitative shift in the course of economic relations between Syria and the Kingdom, and opens broad horizons for fruitful investment cooperation that achieves mutual benefit and strengthens fraternal ties between the two peoples, pointing to the importance of the Saudi role in supporting the economic recovery process in Syria.

The Saudi Minister of Investment explained that the agreement falls within the Kingdom’s vision to strengthen its economic partnerships with Arab countries and create promising investment opportunities.

Signing the agreement came on the sidelines of the roundtable meeting that kicked off in Riyadh on Monday morning, where the two sides stressed that the agreement was the culmination of ongoing efforts to activate strategic partnerships and expand the base of joint investments.

Fedaa