Damascus: A Saudi delegation of over 100 investors has arrived in Damascus ahead of a conference aimed at securing billions of dollars in deals to help rebuild war-battered Syria. Saudi state broadcaster Al-Ekhbariya reported that the country’s investment minister, Khalid Al-Falih, is leading the delegation, which includes 120 investors, with a goal of inking agreements worth $4 billion.

According to TRTworld.com, on Tuesday, Saudi Arabia’s investment ministry stated that the forum aims to “explore cooperation opportunities and sign agreements that enhance sustainable development and serve the interests of the two brotherly peoples.” The conference represents a significant step in fostering economic ties between Saudi Arabia and Syria, focusing on sustainable development initiatives.

Earlier this year, Saudi Arabia and Qatar committed to settling Syria’s debt to the World Bank, totaling about $15 million. This commitment highlights the efforts of Gulf countries to support Syria’s reconstruction and economic recovery, further emphasizing the strategic importance of the ongoing conference in Damascus.