opportunities

RIYADH: A US economic delegation has held meetings with Syria’s sovereign fund to explore investment opportunities, as Damascus seeks to deepen ties with the world’s largest economy and attract international capital.

The meetings, which included representatives from government bodies and private companies, were focused on assessing the Syrian market and available investment opportunities amid the country’s economic opening and the lifting of sanctions, the Syrian Arab News Agency reported.

The discussions come as the Middle Eastern nation’s seeks to capitalize on the momentum generated following Washington’s termination of sanctions against Syria in July 2025.

“In his remarks during the meeting, Yasir Kahf, Director of Development and Planning at the Syrian Sovereign Fund, explained that the fund’s investment portfolio encompasses a diverse range of sectors and companies. He emphasized the Fund’s openness to establishing various forms of partnerships with US and international companies — including joint ventures — tailored to the specific nature of each sector,” the newly released SANA statement said.

Kahf also said the US Chamber of Commerce delegation’s inaugural visit to Syria represents a significant step toward enhancing economic cooperation.

Mohammad Mastat, director of public relations at the Syrian Sovereign Fund, said US companies had shown interest in entering the Syrian investment market, adding that several agreements and projects were currently under negotiation and would be announced in due course.

The easing of US sanctions has also created greater scope for investment and private-sector activity.

In May 2025, the US Treasury said sanctions relief would enable new investment in Syria and facilitate activity across all sectors of the Syrian economy as part of efforts to support its economic recovery.

The International Monetary Fund expects Syria’s economic growth to reach double digits in 2026 and remain strong in 2027.

It said the recovery is being supported by improving agriculture, hydrocarbon production, electricity provision, trade and services, alongside policies aimed at restoring macroeconomic stability and achieving a strong, private-sector-led recovery.

RIYADH: Hail Municipality has unveiled five new investment opportunities for investors, aiming to boost investment prospects in the region, develop commercial, agricultural and recreational activities, and make use of municipal sites in ways that support economic development and improve the urban landscape.

The investment opportunities include the establishment, operation and maintenance of a mixed-use site in the Al-Nuqrah district covering 5,129 sq. meters, with a contract term of up to 20 years, the Saudi Press Agency reported.

They also include an agricultural nursery site in the Al-Rawabi Al-Awwal district covering 9,999 sq. meters, with a contract term of up to 10 years, and a second nursery site covering 16,828 sq. meters, with a term of up to five years.

The opportunities also include the establishment, operation and maintenance of a commercial complex in the Hittin district covering 6,297 sq. meters, with a contract term of up to 20 years, and the establishment, operation and maintenance of a mixed-use site on Jubbah Road covering 20,326 sq. meters, with a contract term of up to 20 years — offering investors diverse opportunities in commercial, agricultural, recreational and tourism activities, and supporting the development and investment of municipal sites in the region.

The Hail Municipality said the opportunities build on its efforts to empower the private sector, encourage investment, and develop commercial, agricultural, recreational and tourism activities, in line with the goals of Saudi Vision 2030 to strengthen partnership with the private sector, support sustainable development and improve quality of life. It invited the public to view details of the opportunities through the municipality’s investment platform.