Damascus, Syria (Enmaeya News) — Syria and Saudi Arabia have officially launched their first joint investment forum aimed at strengthening economic cooperation and supporting Syria’s development efforts, Syrian Minister of Information Hamza Al-Mustafa announced Wednesday.

The forum is expected to lead to the signing of 44 agreements valued at approximately $6 billion. According to Al-Mustafa, these deals could generate around 50,000 direct jobs across Syria’s 14 provinces, helping to drive post-conflict economic recovery and diversification.

Speaking at a press conference in Damascus, Al-Mustafa described the forum as an important step toward attracting foreign investment by updating Syria’s legal and regulatory frameworks. He emphasized that the focus is on investments that support sustainable development, rather than solely on short-term profits.

The agreements to be signed cover key sectors including banking, construction, cybersecurity, and energy. Al-Mustafa also noted discussions with Saudi investors about emerging technologies such as artificial intelligence (AI) and the integration of media and telecommunications.

Saudi Minister of Investment Khalid bin Abdulaziz Al-Falih confirmed that the forum would unveil significant projects on Thursday. A delegation of more than 130 Saudi business leaders has arrived in Damascus to explore investment opportunities and deepen economic ties between the two countries.

The forum takes place as part of Syria’s efforts since late 2024 to introduce economic reforms and seek international partnerships. Recent visits by Saudi officials and business delegations highlight increased engagement between the two countries in regional economic matters.

As Syria works to rebuild its economy, the forum aims to facilitate investment that promotes job creation, infrastructure development, and technological advancement throughout the country.