Al-Shara: We Attracted Investments Worth 28 Billion Dollars

SadaNews - Syrian President Ahmad al-Shara said today, Wednesday, that Syria has attracted investments worth 28 billion dollars over the past ten months.

Al-Shara added, during a session attended by Saudi Crown Prince Mohammed bin Salman at the Future Investment Initiative conference in Riyadh, that Syrian investment laws have been amended to grant foreign investors the right to transfer their funds outside the country.

He stated: "Investment opportunities in Syria are rich, and this is recognized by all the major economists in the world, and investments have begun to grow there well," adding that there are investment projects with Bahrain and Jordan, as well as American companies that have taken some investments and other regional partnerships.

He confirmed that "Syria will rebuild everything that was destroyed, and my greatest bet is on the Syrian people who have suffered bitterly, have remained steadfast in their positions, and have triumphed.".

He explained that the state is working to protect investors according to laws, noting that investors "today have a historic and great opportunity in Syria".

He predicted that Syria would achieve balanced economic ranks on the regional and international levels and would be among the major economic countries within a few years.

Transfers between Syria and Saudi Arabia

For his part, Syrian Central Bank Governor Abdel Qader al-Hsariyeh said that the joint efforts between the Ministry of Investment and the Saudi Central Bank and the Syrian Central Bank resulted in "significant progress in activating direct bank transfers between the two countries, which would facilitate the movement of capital and support commercial and investment activities, enhancing confidence in the Syrian financial system".

He appreciated the cooperation between the two countries, looking forward to more partnerships and joint projects that contribute to enhancing economic and financial integration between Syria and Saudi Arabia.