Syrian Arab Republic Signs Landmark $7 Billion Energy Investment Agreement with Global Consortium
Damascus – Thursday, July 6, 2025
Syria and Saudi Arabia Sign Strategic Memorandum of Understanding
to Strengthen Energy Sector Cooperation Riyadh, July 29, 2025 The Saudi capital today witnessed the signing of a strategic Memorandum of Understanding (MoU) between the Ministry of Energy of the Syrian Arab Republic and the Ministry of Energy of the Kingdom of Saudi Arabia, marking a pivotal step toward strengthening bilateral cooperation across a wide spectrum of energy sectors. The MoU was signed by His Excellency Eng. Mohammad Al-Bashir, Minister of Energy of Syria, and His Royal Highness Prince Abdulaziz bin Salman Al Saud, Minister of Energy of Saudi Arabia, during an official ceremony held in Riyadh.
The event was attended by senior government officials and representatives from both the public and private sectors.
The agreement lays the foundation for collaborative efforts in key areas including:
- Electricity and regional power interconnection.
- Renewable energy Oil, gas, and petrochemical industries.
- Advanced technologies.
- Human capital development. Innovation support and the transfer and localization of technology.
To achieve these goals,the MoU outlines a number of cooperative measures such as:
This strategic step represents a qualitative leap in Syrian–Saudi relations, opening the door to expanded joint investment opportunities in the energy sector.
It also reinforces the vision of Arab integration and contributes to enhancing energy security and regional stability.