Saudi Arabia begins $ 5BN Investment Drive Syria, reveals the Flagy Tower project in Damascus
Saudi Arabia has announced $ 5 billion to investment agreements and cooperation with Syria during high-quality maternity and funding.
The transfer of the team, led by a financial Minister of Khalid Al-Falih, including approximately 150 officials from public sectors and private councils of the State. This visit was organized by the Investment Department in the Investment and Federation of Saudiation, in accordance with the guidelines from the Prince Mohammed Bin Salman.
The key to the key to the official visit was the official form of al-Jawhara (Jewel) for the development of 32 in Central Damaseku, al-BAHSA region. The project, which cost over $ 100 million, was opened by Minister Al-Falih and Syrian Economic Mohammad Nidal al-Shaar during the Syria-Saudi Redway, Wednesday in the Syrian capital.
According to the ministry, the jewel tower spent more than 25,210 square meters, by investing more than 375 million ($ 100 million). The useful projected project will include:
- Management Offices (15 down, 6,500 m²),
- Sale units (1,300 M²),
- Hotel shelter (15 down, 6,500 m²),
- The Panoramic Roornic Rood Restaurantbesides
- Park (2,400 m²).
The tower aims to work as a HUB commercial and hospitality, providing apremium-grade business, recreational and tourism infrastructure.
“Our visit to Syria Arab Republic is under our intelligent leadership,” writes Al-Falih with Social Platform. “We aim to strengthen our investment opportunities and provide Sauti companies.”
A comprehensive investment package includes deals everywhere, infrastructure, telecommoves, objects, skills, tourism, tourism, transients, in commercial, transient.
Construction in tourism was a Fayhaa White Cement in the Adra industry, sponsored by $ 20 million from the North and Center Arabia region. The center is expected to produce 130 specific tasks and more than 1,000.
The tour comes between Thaw in Saudi-Syria, re-monitoring of State Rates in Damascus in May 2024 after 12 years of closure. Syria has just been amended by its investment rules to attract more foreign currency – changes that are accepted by Saudi officials as facilitating smooth access to businesses.
“The Syrian government wants to prove the world that Syria is a safe and attractive place for all investors and investors,” said minister, Dr Hamma Al-Mustafa.
Bilateral trading also recognized sharp improvement. In April, Syria’s oil deployment arrived for more than 150 years to SAR 81.9 million, when the appearance from Syrria arises about 158 percent of the 158 million. Exports including plastics, food, and agricultural products, while entering agricultural land and agricultural and processed.
Before the Syrian civil war broke out in 2011, the two countries enjoyed a powerful trade relationship worth $ 1.3 billion a year.
