The Saudi-Syrian Investment Forum wrapped up with 47 agreements signed, worth some SAR 24 bn, state news agency SPA reported on Friday. Damascus hosted a large delegation of Saudi investors and representatives from both public and private sectors, led by Investment Minister Khalid Al Falih.

Aviation got a slice of the cake, with over SAR 1.1 bn in aviation and navigation agreements, including an agreement between Matarat Holding and Syria’s General Authority for Civil Aviation for an assessment study of civil aviation in the Damascus Airport.

Meanwhile, the trade and investment sector also saw agreements valued at over SAR 396mn from Ghrbal International and Syria’s Ebla Ventures, covering the acquisition and development of land plots, forming a partnership to back Syrian startups, and supporting F&B retail.

ALSO- The telecommunications and information technology sector received more than SAR 3.6 bn. Companies including STC, Elm Company, Cipher, and Classera are set to develop Syria's digital infrastructure, cybersecurity, AI, and data centers, including data centers for cloud and AI services and an IP Node in Damascus and Aleppo.

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