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Saudi Arabia and Syria signed an MoU to formalize their energy-sector partnership, state news agency SPA reported on Sunday. The energy cooperation agreement, inked during Energy Minister Abdulaziz bin Salman’s meeting with his Syrian counterpart Mohammed Al Bashir in Riyadh, covers joint efforts and knowledge exchange in areas of oil and gas and electricity to support Syria’s development.

ICYMI- The Saudi-Syrian Investment Forum wrapped up last week with 47 agreements worth some SAR 24 bn signed. The energy sector got some SAR 549 mn in investments from Khashoggi Holding, Absal Energy Solutions, Pemco, and Utec for the joint production of electric generators and other electric manufacturing plants in Syria.

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