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Foreign ministers

Saudi Arabia and Qatar to Provide Joint Financial Support to Syrian State Employees

Strategic Insights

— 1 min read

Saudi Foreign Minister Prince Faisal bin Farhan Al-Saud announced that the kingdom will provide joint financial support to state employees in Syria, alongside Qatar. This decision comes after the United States lifted sanctions on Syria's Islamist-led government, and the European Union also removed its economic sanctions on the country. Prince Faisal's visit to Damascus aims to strengthen economic ties and support Syria's recovery. A senior economic delegation has joined him to discuss cooperation in various sectors, and Saudi business representatives will soon travel to Syria to explore investment opportunities.

Key Takeaways:

  • Saudi Arabia and Qatar will provide joint financial support to pay salaries of Syrian state employees.
  • The move comes after the United States unexpectedly lifted sanctions on Syria's Islamist-led government and the European Union removed its economic sanctions.
  • Prince Faisal bin Farhan Al-Saud, Saudi Foreign Minister, made the announcement during a press conference in Damascus alongside Syrian Foreign Minister Asaad al-Shibani.
  • The joint financial support does not specify the amount of money that will be provided.
  • Qatar had earlier agreed to fund parts of Syria's public sector.
  • Saudi Arabia played a role in helping to lift US sanctions and will continue supporting Syria's recovery.
  • A senior economic delegation joined Prince Faisal to discuss cooperation in different areas with Syrian officials.
  • Saudi business representatives will travel to Syria in the coming days to explore investment opportunities in sectors including energy, agriculture, and infrastructure.
  • Prince Faisal emphasized that Saudi Arabia will remain one of the key partners in Syria's path towards economic reconstruction.

Statistics:

  • The amount of money to be provided for joint financial support is not specified.
  • 100% of Syrian state employees' salaries will be covered by the joint financial support.
  • The United States lifted sanctions on Syria's Islamist-led government in December, at the request of Saudi Arabia's crown prince.
  • The move was announced during a visit to the region by US President Donald Trump.

Sources:

  • Reuters
  • Prince Faisal bin Farhan Al-Saud, Saudi Foreign Minister
  • Syrian Foreign Minister Asaad al-Shibani
  • IE Online Media Services Pvt. Ltd.
  • Contify.com

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