Syria has secured $28 billion in investments over the past ten months, according to interim President Ahmad al-Sharaa. The announcement was made on Wednesday during his speech at the Future Investment Initiative (FII) conference in Riyadh.
The FII forum, often dubbed the “Davos of the Desert,” has served as a platform for Syria’s transitional leadership to present its vision for reconstruction and economic revival © Mena Today
Syria has secured $28 billion in investments over the past ten months, according to interim President Ahmad al-Sharaa. The announcement was made on Wednesday during his speech at the Future Investment Initiative (FII) conference in Riyadh.
Al-Sharaa, attending as the guest of honor at the forum’s ninth edition, credited the surge in foreign interest to recent political shifts in Syria, notably the fall of former President Bashar al-Assad.
"This is just the beginning of a new economic chapter for Syria," al-Sharaa stated, highlighting infrastructure, energy, and digital technology as key sectors attracting capital.
Since Assad's ouster, Syria has opened its doors to international investors, with Gulf countries, China, and several European firms reportedly leading the influx of funding.
The FII forum, often dubbed the “Davos of the Desert,” has served as a platform for Syria’s transitional leadership to present its vision for reconstruction and economic revival.
Saudi Arabia and Syria signed a cooperation agreement between the two countries' defense ministries on Wednesday, Saudi state news agency SPA reported, as Yemen's Iran-aligned Houthi group continues its missile and drone attacks on the kingdom.
Turkey's parliament is set on Wednesday to ratify a defence pact with Saudi Arabia and Pakistan that includes a collective defence clause, committing NATO's second-largest army to Riyadh's defence as it faces attacks by Yemen's Iran-backed Houthis.
Hezbollah on Wednesday rejected accusations that it had dispatched experts to Yemen to fight alongside the Houthis in their war against the internationally recognised government and Saudi Arabia.
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