Saudi Arabia Pledges Support for Syria’s Rebuilding Efforts
Damascus – May 24, 2024 – Saudi Arabia reaffirmed its dedication to supporting Syria’s recovery and economic rejuvenation, speaking to its continued commitment to the people. The proclamation, made during a press conference in Damascus, highlighted the importance of lifting sanctions to stimulate economic growth, which will inevitably influence stability, a crucial factor in rebuilding. Increased investment is necessary for Syria to regain its economic sovereignty. For an in-depth analysis of the financial implications, refer to the expert insights provided.
Saudi Arabia Pledges Continued support for Syria’s Rebuilding Efforts
Damascus – Saudi Arabia has reaffirmed its commitment to supporting Syria’s recovery, focusing on economic revitalization and improved living conditions.Saudi foreign Minister Prince Faisal bin Farhan emphasized this commitment during a recent press conference in Damascus with Syrian Foreign Minister Asaad Al-Shaibani.
Lifting Sanctions and Boosting the Economy
Prince Faisal bin Farhan highlighted the importance of lifting sanctions to stimulate economic growth in Syria. Our contribution to lifting the sanctions is an affirmation of the brother’s standing by his brother, and we will continue to support the new Syria and its people,
he stated, according to the Syrian news agency SANA. he further elaborated on the potential benefits:
Lifting the sanctions will contribute to pushing the economy, and will reflect positively on the Syrian people and improve their livelihood.
Prince Faisal bin Farhan, Saudi Foreign Minister
Did you know? Economic sanctions against Syria have been in place for several years, impacting various sectors including trade, finance, and energy. The aim of these sanctions, imposed by different countries and organizations, was to pressure the Syrian goverment to address human rights concerns and resolve the ongoing conflict.
The Saudi minister expressed optimism about Syria’s potential, stating, Syria has many opportunities, and the Syrian people are capable of creativity and achievement and building their homeland, and we are with him in that.
Enhancing Bilateral Cooperation
Discussions between the Saudi and Syrian delegations centered on strengthening cooperation across various sectors. Prince Faisal bin Farhan noted that the Saudi delegation presented opportunities to enhance bilateral cooperation in a way that reflects brotherly cooperation, and we look forward to strengthening the partnership between the two countries.
Future visits from Saudi delegations specializing in energy, agriculture, and informatics are planned to further explore these opportunities. The Saudi Foreign Minister also mentioned discussing with the Sharia opportunities to cooperate in all fields and support the economic advancement.
Joint financial Support
A meaningful announcement was made regarding financial assistance for Syrian public sector workers. Saudi Arabia and Qatar will provide joint financial support for workers in the public sector in Syria,
Prince Faisal bin Farhan revealed. This initiative aims to provide immediate relief and stability to Syrian families.
Syria’s perspective: Rebuilding and Economic Sovereignty
Syrian Foreign minister Asaad Al-Shaibani expressed gratitude for Saudi Arabia’s support, emphasizing the Syrian government’s priorities.the priority of the Syrian government is to rebuild the country’s economy and the return of competencies,
he stated.
Al-Shaibani highlighted the potential for job creation through Saudi investment. Cooperation in the field of investment with Saudi Arabia will be job opportunities in Syria,
he explained.
We discussed many topics, especially in the fields of economy and energy, and I extend my sincere thanks to the Kingdom for its support for Syria from the moment of liberation, especially in lifting the sanctions.
Asaad Al-Shaibani, Syrian Foreign Minister
Pro Tip: Foreign investment can play a crucial role in post-conflict reconstruction. It not only provides capital but also brings in expertise, technology, and international connections that can accelerate economic recovery and create enduring jobs.
Al-Shaibani also addressed the importance of economic independence. Our choice in Syria is economic sovereignty, and the strength of our partnership with Saudi Arabia lies in common interests,
he affirmed. He added that Syria is taking concrete steps to improve services for its citizens,including a recent agreement with international companies to secure gas for electricity generation.
Regarding the reconstruction process, Al-Shaibani emphasized that it would be driven by the Syrian people. The reconstruction of Syria will not be imposed from abroad, but by the Syrian people, and we welcome every contribution to this field,
he concluded.
