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Syrian Arab News Agency (SANA) > Latest News > Economy > Syria and Turkey explore strengthening financial cooperation

Syria and Turkey explore strengthening financial cooperation

2026/01/29
6 hours ago
Syria and Turkey explore strengthening financial cooperation

Damascus, Jan. 29 (SANA) Finance Minister Mohamed Yisr Barnieh met with Turkey’s Ambassador to Damascus, Nuh Yilmaz, to discuss ways of enhancing economic and financial cooperation between the two countries.

The Ministry of Finance stated via its Telegram channel on Wednesday that the two sides discussed prospects for cooperation in the financial sector, encouraging Turkish financial institutions to operate in Syria, and strengthening banking relations between Syrian and Turkish banks to support trade and investment between the two nations.

The meeting also addressed the possibility of benefiting from Turkey’s experience in the real estate financing sector, reforming the pension and retirement system, enhancing cooperation on double taxation, technical collaboration, and discussing the signing of a memorandum of understanding in this regard.

Both sides stressed the importance of developing investment and trade partnerships, while also drawing on Turkey’s expertise in capacity building and knowledge transfer to support Syria’s ongoing economic and financial reform efforts.

The Turkish ambassador in Damascus expressed his country’s readiness to provide support in several vital sectors, particularly energy, water, infrastructure, and housing.

Syria and Turkey explore strengthening financial cooperation

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TAGGED:Finance Minister Mohamed Yisr BarniehTurkey’s Ambassador to Damascus
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