Damascus, July 8 (SANA) Syrian Minister of Tourism and Chairman of the Syrian Sovereign Fund Mazen al-Salhani and Emad Al Muhaidib, vice chairman of Saudi Arabia’s Al Muhaidib Group, signed a memorandum of understanding on Wednesday in Damascus to explore strategic investment opportunities in Syria’s food industry.
The signing ceremony was attended by Talal al-Hilali, director general of the Syrian Investment Authority.
The agreement focuses on cattle farming and dairy production in cooperation with a leading European dairy company to introduce advanced technologies, strengthen value chains and support the development of Syria’s food industry.
Al-Salhani told SANA the projects aim to improve agricultural productivity through technology transfer and foreign expertise, while al-Hilali said the initiative would help revive two of Syria’s largest dairy plants, create jobs and support the modernization of agriculture and livestock production.
Al Muhaidib said Syria offers significant investment potential thanks to its natural resources, skilled workforce and strategic location, reaffirming the group’s interest in expanding its investments in the country.
The agreement forms part of Syria’s efforts to attract investment, expand domestic food production and strengthen food security and sustainable economic development.
R.H/Abd
