Riyadh and Damascus are exploring the creation of industrial cities in Syria designed to attract Saudi investment, officials said, as part of broader efforts to support reconstruction and economic development in the country.
Mohammed Yassin Hourieh, Syria’s assistant minister of economy and industry, discussed the initiative during the SYRIX exhibition for Syrian industries in Jeddah. He indicated that recent talks have taken place between Syrian officials and Saudi counterparts from the Ministry of Industry and Mineral Resources, alongside representatives from Saudi industrial city authorities. These discussions included a technical workshop focused on establishing one or more industrial zones, with a proposed site in Aleppo among the options under consideration.
The proposed industrial hubs aim to specifically target Saudi investment, supporting reconstruction efforts in sectors such as cement production, cables, and technology-related industries. Hourieh described the project as still under review by both parties, emphasizing a shared interest in fostering specialized industrial areas tailored to the needs of investors.
According to Hourieh, Saudi capital has recently flowed into Syria across multiple sectors, including real estate development, industry, and agriculture. He also highlighted the role of the Syrian-Saudi Business Council, which has been active in facilitating projects and investment initiatives between the two countries. The Council’s activities reportedly include various major ventures in Syria, with a focus on strengthening bilateral economic ties.
Trade between Saudi Arabia and Syria has seen growth, especially in commodities related to Syria’s rebuilding efforts. Hourieh noted that Saudi exports to Syria have increased, while Syrian exports to Saudi markets primarily include food products and other goods. Despite this progress, logistical challenges remain a barrier to smoother trade flows, although efforts are underway to address these issues.
Syria’s geographical position amid trade routes also presents opportunities, as transit convoys pass through the country en route to Saudi Arabia, potentially enhancing its role as a commercial corridor.
The discussions between Riyadh and Damascus reflect a cautious but growing interest in economic cooperation amid Syria’s ongoing recovery phase, with industrial city projects representing a potential avenue for private-sector engagement and cross-border investment.