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Syrian Arab News Agency (SANA) > Latest News > Syria > Finance Minister: Syria ready to boost economic relations with Saudi Arabia

Finance Minister: Syria ready to boost economic relations with Saudi Arabia

Published: 2025/02/04 8:33 AM
Updated: 2025/02/04 8:33 AM
Finance Minister: Syria ready to boost economic relations with Saudi Arabia

Damascus, SANA- Syria and Saudi Arabia have discussed ways to strengthen bilateral relations in the financial sectors, banking services and electronic payment, in addition to enhancing investments in the field of digital transformation.

That came during a meeting Sunday that brought together Finance Minister, Mohammad Abazid and a Saudi delegation led by Khaled Saeed al-Qarni, Chief Operating Officer of the Saudi Barq Financial Company accompanied by a delegation of Syrian expatriates.

Finance Minister: Syria ready to boost economic relations with Saudi Arabia

Minister of Finance praised the position of the Kingdom of Saudi Arabia in support of Syria, and its keenness to boost bilateral cooperation in various fields after the liberation of Syria from the former criminal regime.

Abazid expressed Syria’s readiness to strengthen financial and economic relations with Saudi Arabia, and advance them in a way that would benefit the two countries and the two brotherly peoples.

For his part, al-Qarni highlighted the Saudi experience in the banking sector, and the digital transformation, which has constituted a pioneering turning point in the Kingdom since the year 2018, through the application of modern technologies, as this contributed to improving the quality of government and private services, increasing efficiency and productivity, and reducing time necessary to complete transactions and enhance interaction between individuals and institutions.

Al-Qarni expressed the readiness of Saudi companies to contribute to supporting the Syrian economy and the financial sector in all its aspects, whether in terms of enhancing investments, or transferring Saudi expertise and knowledge in the field of increasing cash flows in the markets, controlling expenses, and facilitating bank transfers.

Finance Minister: Syria ready to boost economic relations with Saudi Arabia
Finance Minister: Syria ready to boost economic relations with Saudi Arabia

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