(MENAFN- Kuwait News Agency (KUNA)) RIYADH, Oct 27 (KUNA) -- Saudi Minister of Investment Khalid Al-Falih said on Monday that the Kingdom is eager to o be an active partner in Syria's economic and developmental future.
Al-Falih made the statement during a high-level Saudi-Syrian roundtable meeting held in Riyadh, in the presence of Syria's Minister of Economy and Industry Mohammad Al-Shaar, Minister of Finance Mohammad Barnieh, Minister of Energy Mohammad Al-Bashir, Minister of Communications and Information Technology Abdulsalam Haykal, and Director General of the Syrian Investment Authority Talal Al-Hilali, along with representatives from both sides' public and private sectors.
He commended the signing of an agreement to encourage and protect mutual investments as a historic step towards providing a comprehensive legal framework guaranteeing protection and fair treatment for investors.
Highlighting the significant progress made in key areas of cooperation, he said that collaborative efforts of the Ministry of Investment, the Saudi Central Bank, and the Central Bank of Syria have advanced the initiative to implement direct bank transfers between the two countries.
The Saudi minister added that the Ministry of Investment is seeking to promote investment financing by means of enabling the establishment of several investment funds across various sectors. (end)
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