Damascus: A Saudi delegation of over 100 investors has arrived in Damascus ahead of a conference aimed at securing billions of dollars in deals to help rebuild war-battered Syria. Saudi state broadcaster Al-Ekhbariya reported that the country’s investment minister, Khalid Al-Falih, was leading the delegation, which included 120 investors, aiming to ink agreements worth $4 billion.

According to TRTworld.com, the Saudi Arabia investment ministry stated that the forum’s goal was to “explore cooperation opportunities and sign agreements that enhance sustainable development and serve the interests of the two brotherly peoples.” This initiative signals a significant step towards economic collaboration between Saudi Arabia and Syria.

Earlier this year, both Saudi Arabia and Qatar committed to settling Syria’s debt to the World Bank, which amounts to approximately $15 million. This move is part of a broader regional effort to support Syria’s recovery and development after years of conflict.