JEDDAH/DAMASCUS: Syria and Saudi Arabia discussed the possibility of launching investment projects in different economic sectors, benefiting from the available investment opportunities and establishing partnerships between the Syrian and Saudi businessmen, Syria Arab News Agency said Thursday. The discussions came during a meeting between General Director of the Syrian Investment Agency Ahmad Diab and a Saudi businessmen delegation headed by Ibrahim Al-Arnous. Diab briefed the delegation on investment climate in Syria and the government's facilitations for licensing procedures in addition to the legislations regulating the establishment of projects. He said Saudi investments in Syria contribute to the comprehensive development process in the country, as he urged Saudi businessmen and investors to benefit from investment attractions available in Syria. The possibility of establishing joint investment projects in the sectors of real estate, health and industry was also discussed. The head of the Saudi side to the Syrian-Saudi Business Council Ibrahim Al-Arnous said "investment climate in Syria encourages establishing investment projects," expressing the desire of Saudi businessmen and investors to increase investment volume between the two countries. He added that the Syrian-Saudi Business Council aims at boosting bilateral trade and economic cooperation, indicating to the fact that there are more than 8, 000 Syrian investors in Saudi Arabia who work in different fields. The number of the Saudi projects included according to the investment promotion laws in Syria has reached 22 projects in agriculture, industry, transport and health with an estimated total cost of SYP68,051,279 ($1= SYP47), in addition to 5 joint projects in manufacturing electrical materials, textiles and plastics in addition to producing vegetable oil and animal fats. – Saudi GazetteJEDDAH/DAMASCUS: Syria and Saudi Arabia discussed the possibility of launching investment projects in different economic sectors, benefiting from the available investment opportunities and establishing partnerships between the Syrian and Saudi businessmen, Syria Arab News Agency said Thursday. The discussions came during a meeting between General Director of the Syrian Investment Agency Ahmad Diab and a Saudi businessmen delegation headed by Ibrahim Al-Arnous. Diab briefed the delegation on investment climate in Syria and the government's facilitations for licensing procedures in addition to the legislations regulating the establishment of projects. He said Saudi investments in Syria contribute to the comprehensive development process in the country, as he urged Saudi businessmen and investors to benefit from investment attractions available in Syria. The possibility of establishing joint investment projects in the sectors of real estate, health and industry was also discussed. The head of the Saudi side to the Syrian-Saudi Business Council Ibrahim Al-Arnous said "investment climate in Syria encourages establishing investment projects," expressing the desire of Saudi businessmen and investors to increase investment volume between the two countries. He added that the Syrian-Saudi Business Council aims at boosting bilateral trade and economic cooperation, indicating to the fact that there are more than 8, 000 Syrian investors in Saudi Arabia who work in different fields. The number of the Saudi projects included according to the investment promotion laws in Syria has reached 22 projects in agriculture, industry, transport and health with an estimated total cost of SYP68,051,279 ($1= SYP47), in addition to 5 joint projects in manufacturing electrical materials, textiles and plastics in addition to producing vegetable oil and animal fats.
