The discussions came during a meeting between General Director of the Syrian Investment Agency Ahmad Diab and a Saudi businessmen’s delegation headed by Ibrahim Al-Arnous in Damascus on Thursday.

Diab briefed visiting the delegation on the current investment climate in Syria, the licensing procedures and laws regulating the establishment of projects.

Citing the impact of Saudi investments on the comprehensive development process in Syria, Diab invited Saudi businessmen and investors to benefit from the congenial investment atmosphere in Syria.

Possibilities of establishing joint investment projects in real estate, health care and industry were also discussed.

For his part, Al-Arnous said the investment climate in Syria was encouraging. He expressed the desire of Saudi businessmen and investors to increase the volume of investment between the two countries.

The Syrian-Saudi Business Council aims at boosting bilateral trade and economic cooperation, Al-Arnous said, adding that more than 8, 000 Syrian investors have launched projects in various sectors in Saudi Arabia.

The number of the Saudi projects in Syria has reached 22 projects in agriculture, industry, transport and health care, in addition to five joint projects in manufacturing electrical materials, textiles, plastic, vegetable oil and animal fats.