Saudi Gazette report

RIYADH — Syrian President Ahmad Al-Sharaa praised Saudi Arabia’s growing economic influence, describing the Kingdom as “an economic compass and a destination for investors” under the leadership of Crown Prince Mohammed bin Salman.

Speaking at the “New Horizon for Syria” session during the ninth edition of the Future Investment Initiative (FII9) in Riyadh on Wednesday — attended by the Crown Prince — Al-Sharaa said Syria remains a key pillar of regional stability, stressing that the country’s recovery is closely linked to economic development.

“The world has already seen the risks of Syria’s collapse,” Al-Sharaa said.

“We have now turned a new page and opened up to the world.”

He noted that peace and security are inseparable from economic growth, adding: “This is what the Kingdom embodies today. During our first visit to Saudi Arabia, we discovered the key to forging economic partnerships with nations.”

The Syrian president also revealed that Syria has amended its investment laws to allow foreign investors to transfer their capital abroad freely, highlighting that the country attracted $28 billion in investments over the past ten months.