KSA cement firm to export to Syria + Palestine: Saudi-based Al Jouf Cement Company will export cement to Syria and Palestine after inking a SAR 37.5 mn supply contract with Tuwa Development Company, according to a disclosure on Tadawul. The agreement will be in effect for one year, until 29 November 2026.

Big move for Al Jouf: The contract’s value accounts for over 14% of the cement company’s total revenues, and its financial impact is scheduled to begin as early as 4Q 2025.

SOUND FAMILIAR? The Saudi-based firm was one among the first GCC backers to Syria after the fall of Bashar Al Assad, inking a SAR 38 mn (c. USD 10.1 mn) contract to export cement and clinker goods to Syria back in January to cover shipments from 2 February 2025 until 28 February 2026.

KSA has been eyeing Syria: Major Saudi companies, including Acwa Power and telecom operator STC, plan to “drivebnsof USD of actual capital to Syria within the next five years,” to rebuild Syria’s energy, financial, and telecom sectors, Saudi-Syrian Business Council CEO Abdullah Mando told Reuters last month. The push comes after KSA, alongside other regional powers, led a wider global effort to remove full sanctions on Syria and revamp trade with the country this year.

DATA POINT- Syria has already attracted around USD 28 bn in pledged investments in the first half of the year, nearly USD 7 bn of which was from Saudi companies, Mando added.

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