Syria on Wednesday announced the launch of the first-ever investment forum with Saudi Arabia. Syrian Information Minister Hamzah al-Mustafa said 44 agreements worth $6 billion are expected to be signed during the event, which is projected to create 50,000 job opportunities, the state-run news agency SANA reported.

A high-level Saudi delegation led by Investment Minister Khalid bin Abdulaziz Al-Falih arrived in the Syrian capital Damascus on Wednesday to launch the Saudi-Syrian Investment Forum, in a move seen as a significant step toward restoring and expanding economic cooperation between the two countries,

A Saudi delegation visiting Damascus on Wednesday inked investment and partnership deals valued at $5 billion to help rebuild war-battered Syria, the oil-rich Gulf kingdom announced.

Discover the new special travel permits for Syrian and Saudi investors and businesspeople. Learn how to apply and what this means for trade and investment in the region.