Saudi-Syrian Business Council eyes global investments in Syria

Mohammed Al-Abunayyan, Chairman of the Saudi-Syrian Business Council

Mohammed Al-Abunayyan, Chairman of the Saudi-Syrian Business Council, said the council’s role goes beyond attracting Saudi investments to Syria. It also aims to bring in Syrian investors from abroad as well as foreign investments from various global markets to form partnerships and joint ventures in Syria.

On the sidelines of the Saudi-Syrian Investment Forum held in Damascus, Al-Abunayyan told Asharq News that the council works in cooperation with the Syrian government and seeks to invest in multiple sectors, including tourism, infrastructure, telecommunications, real estate development, and services.

He highlighted that transforming and implementing a new economic model, as seen in Saudi Arabia under King Salman and Crown Prince Mohammed bin Salman, required strong leadership and an effective execution strategy, leading to a robust economy and accumulated expertise.

He also pointed out that the new investment protection agreement and the updated investment and taxation laws in Syria represent positive steps toward creating an attractive environment for investors.