Minister of Industry Discusses Strengthening Cooperation and Developing Joint Investments with His Syrian Counterpart

Riyadh, August 18, 2025, SPA -- Minister of Industry and Mineral Resources Bandar Alkhorayef met at the ministry's headquarters with Syrian Minister of Economy and Industry Dr. Mohammad Nidal Al-Shaar today.
The two ministers discussed ways to enhance cooperation in the industrial sector and explored potential paths for industrial integration between the two countries. They also reviewed available opportunities for developing joint investments and exchanging expertise.
Alkhorayef highlighted the strength of Saudi-Syrian relations and the leadership’s keenness to expand cooperation across various sectors, particularly industry and mining, while encouraging mutual investment. He praised the outcomes of the Saudi-Syrian Investment Forum held last month in Damascus under the patronage of Syrian President Ahmad Al-Sharaa, where several agreements were signed in vital sectors, including industry and mining.
He expressed optimism that the industrial sector would play a pivotal role in Syria's economic recovery, aligning with the objectives of the Kingdom’s National Industrial Strategy and broader regional integration plans.
The minister also invited his Syrian counterpart to attend the 21st General Conference of the United Nations Industrial Development Organization (UNIDO), to be hosted by Riyadh in November.
For his part, Al-Shaar underscored the importance of building stronger industrial and investment partnerships with the Kingdom, noting Syria's interest in benefiting from Saudi Arabia's advanced industrial expertise. He emphasized that the country's reconstruction phase provides significant opportunities for Saudi private sector investments, especially in industry.
Both parties agreed to form joint technical working groups to advance industrial integration initiatives between the two countries.
-- SPA