RIYADH, Oct. 27 (Xinhua) -- Saudi Arabia and Syria discussed ways to boost investment cooperation at a high-level meeting in Riyadh on Monday, the Saudi Press Agency reported.
Officials from both countries attended the roundtable, which focused on accelerating joint projects, overcoming investment hurdles, and identifying opportunities in priority sectors.
Saudi Investment Minister Khalid Al-Falih stated that the kingdom is keen to be an active partner in Syria's economic recovery and highlighted a newly signed agreement aimed at encouraging and protecting mutual investments. The deal establishes a legal framework guaranteeing protection and fair treatment for investors, he said.
Al-Falih added that coordination between the Saudi and Syrian central banks had advanced plans to enable direct bank transfers between the two countries, a move expected to facilitate capital flows, support trade, and boost confidence in Syria's financial system.
He said the ministry was also working to set up investment funds across multiple sectors to help finance projects.
The meeting follows months of growing economic engagement between Riyadh and Damascus. ■
