Riyadh, Feb. 5 (SANA) Syrian Economy and Industry Minister Nidal al-Shaar said on Wednesday that Syria is working to shape a new investment environment based on legal certainty, openness and partnership, as part of broader efforts to support economic recovery.
Speaking during a panel discussion at the Fifth International Conference and Exhibition organized by the Saudi Center for Commercial Arbitration (SCCA) in Riyadh, al-Shaar said the “new Syria” was moving with confidence toward progress and stability and was laying the groundwork for a more flexible and attractive economic environment.
He said improving the investment climate would require updating economic legislation, strengthening transparency and developing mechanisms for resolving commercial disputes in line with international standards.
Al-Shaar’s remarks came during a session that examined international best practices in arbitration and their role in attracting investment and supporting economic recovery.
The conference brought together senior officials, legal experts, and business leaders from across the world to discuss judicial developments, investment-related disputes, and strategies to enhance legal predictability at both regional and global levels.
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