Syria and Saudi Arabia sign more than $6B in investment deals

Syria and Saudi Arabia announced 47 investment agreements, valued at over $6 billion, in Damascus on Thursday, marking a significant step in rebuilding Syria’s war-battered economy, Report informs via AP.

The agreements signed at the Syrian-Saudi Investment Forum cover a wide range of sectors, including real estate, telecommunications and finance. The planned projects include housing, the reconstruction of war-damaged areas, the development of tourism, medical and entertainment sites, skyscrapers, and three new cement factories.

Syrian Minister of Information Hamza al-Mustafa said the deals are expected to create around 50,000 direct and 150,000 indirect job opportunities.