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DAMASCUS, Syria — Syria and Saudi Arabia stated Saturday they goal to spice up financial cooperation to for his or her mutual profit and create jobs for Syrians after Western sanctions imposed on the war-torn nation had been eased earlier this month.
The announcement was made throughout a go to to Damascus by Saudi Foreign Minister Prince Faisal bin Farhan, who met Syrian President Ahmad al-Sharaa and different Syrian officers.
The easing of Western sanctions is more likely to open the way in which for international buyers into the nation, the place a civil struggle has been ongoing since March 2011. In early December, 54 years of Assad household rule got here to an finish, when gunmen against then-president Bashar Assad captured his seat of energy in Damascus.
The Saudi international minister stated that the easing of sanctions by the U.S., the European Union and Britain earlier this month will assist in “reactivating the Syrian economy that had been at a standstill for decades.”
Prince Faisal, who’s heading an financial and enterprise delegation, stated Saudi businessmen will go to Syria within the close to future to debate alternatives in sectors together with oil, infrastructure, data expertise, telecommunications and agriculture.
He added that Saudi Arabia and Qatar will give monetary help to staff of Syria’s public sector with out giving particulars.
“We assert that the kingdom will be a leading state among countries that will stand by Syria in its march for reconstruction and economic revival,” Prince Faisal stated.
Syrian Foreign Minister Asaad al-Shibani stated his nation and Saudi Arabia have entered a brand new period of cooperation.
The assembly got here two days after Syria signed an settlement with a consortium of Qatari, Turkish and U.S. firms for improvement of a 5,000-megawatt vitality venture to revitalize a lot of its war-battered electrical energy grid.
Al-Sharaa met President Donald Trump in Saudi Arabia earlier this month.
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