SYRIANNEWS — broadcast
20261105 003000 UTC
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[00:00:00] Syria will also reposition itself on the
[00:00:04] economic map through services
[00:00:06] and goods produced in Syria. Another extremely
[00:00:10] important matter is Saudi Arabia,
[00:00:12] and other with its strategic weight and financial weight,
[00:00:16] Syria, so that we are at redefining risks or defining Syria
[00:00:20] on the global risk map. This means that today,
[00:00:27] Yassin Al-Ali. As my guest from what is happening in Lebanon, what is happening in when Saudi Arabia enters Syria with its qualitative weight, and large projects are carried out
[00:00:30] and implemented, this truly
[00:00:33] the Saudi brother from other countries and other investors, and reduces
[00:00:35] the state of uncertainty, and people become
[00:00:38] more courageous to enter this
[00:00:41] market, because today
[00:00:44] and the Syrian government, in fact, how any market in a war economy, all investors, there are people
[00:00:48] who believe that this region is high risk, and therefore, high
[00:00:52] risk areas are high profit areas. We are talking here
[00:00:54] business wise, meaning in terms of numbers
[00:00:58] and business. There is no doubt that the entry of Saudi
[00:01:02] Arabia and the transformation of these
[00:01:05] of the House or understandings into an achievement and into work, and here the third stage
[00:01:09] is truly its ultimate
[00:01:11] and largest oil producers in focus in the
[00:01:12] pillar of government's management
[00:01:15] of these files
[00:01:21] industrial cities in Syria with on, and why all this and the setting of time and all this frames for them, and how these understandings or these agreements
[00:01:24] will turn into a productive thing that the Syrian
[00:01:27] citizen feels through the projects that can be established with
[00:01:31] Saudi Arabia in the specifically productive sectors,
[00:01:34] in both the industrial and agricultural sectors. I return to
[00:01:37] you, Professor
[00:01:39] For example. Yes, it will not affect Syria was, for a period of Naif, also regarding political and security coordination
[00:01:42] between the two countries. How does
[00:01:44] Syria, so the economic that affect the stability of the entire region, not just the stability
[00:01:47] of Syria? Look, regarding the agreements that my
[00:01:52] the raw materials will come from colleagues talked about, and they put things in perspective, and I will talk about
[00:01:55] their importance, whether related to the defense aspect, the economic aspect, or
[00:01:58] infrastructure, related to projects, industry,
[00:02:01] petroleum, and frankly, what is related to
[00:02:04] Syria needs such projects, because today Syria
[00:02:08] has recovered a lot, even now regarding the banking sector. Now connecting
[00:02:11] Syria to international banks, this
[00:02:15] is a very important indicator for
[00:02:17] Hezbollah or others. Syria should not Syria's recovery. Also, a businessman and you live in when countries see that
[00:02:20] Saudi Arabia, with its political, military, security,
[00:02:23] and economic weight, signs these agreements
[00:02:26] as the strongest partnerships between it and
[00:02:29] the Syrian government, this gives us an indication, and it gives us an
[00:02:33] assurance that the Kingdom trusts the Syrian government and trusts
[00:02:36] the promising Syrian economy, which will certainly
[00:02:39] have very strong results for both countries, given Syria's
[00:02:42] location. Syria, by the way, is located in a very important strategic location
[00:02:46] for Saudi Arabia and for other Arab
[00:02:49] countries, as well as the Middle East
[00:02:53] in general. Syria was in the past period, it had no effect on
[00:02:57] the international map, whether the political or
[00:03:01] security or even economic map. Syria was almost forgotten.
[00:03:04] Unfortunately, Assad
[00:03:07] and capabilities in really made Syria fall behind 100 or 200 years
[00:03:11] back, instead of developing its technical and
[00:03:15] scientific
[00:03:16] of rising, capable and cultural
[00:03:19] is what can truly be benefited from of responding aspects. On the contrary, it affected Syria. But we will not talk about the past. The past is over. Today we
[00:03:23] have Ahmed Al-Shara's government,
[00:03:25] Syria suffered for a long ministers, officials, a very great ambition
[00:03:28] for the people and the government. Today, as long as it has joined
[00:03:31] hands with Saudi Arabia, this hand that always
[00:03:35] joins hands with the Kingdom will find goodness, it will find growth, it will find
[00:03:39] development, it will find progress, it will find the support of Saudi
[00:03:42] Arabia because it stands with a brother for his brother, with a neighbor
[00:03:45] for his neighbor, with a sister
[00:03:47] has changed 300 of its regulations Arab country, a country that suffered greatly. The Syrian
[00:03:50] people suffered, and in fact,
[00:03:54] resource itself. Therefore, in fact, benefiting from state institutions suffered from the previous regime. Today, its system is an open
[00:03:57] And they are system, an institutional system,
[00:03:59] necessities, not a system that works with full transparency
[00:04:01] and clarity. Saudi Arabia, rather the Syrian government, stands with
[00:04:05] the Kingdom. We can mention that from time to time, we receive such drones
[00:04:08] and missiles from the Houthis,
[00:04:12] as well as ballistic missiles. We find the Syrian government
[00:04:15] standing with Saudi Arabia, condemning and denouncing
[00:04:19] and standing with the Kingdom, like a brother with his brother,
[00:04:23] capabilities, it has raw materials like a neighbor with his neighbor, and development projects in Syria. This and truly standing with
[00:04:26] the Kingdom because it knows that Saudi Arabia works for
[00:04:32] Yemen and for the security of Yemen as an Arab country. So notice that the
[00:04:35] is, yes, this agreement or this Kingdom, it supported many. It supported Kuwait, we can remember when
[00:04:37] Iraq invaded Kuwait, and Kuwait today enjoys security
[00:04:40] and safety. It supported Bahrain
[00:04:45] this was directed from is in Damascus. when Iran wanted to affect Bahrain, and the Peninsula Shield entered, and today Bahrain
[00:04:49] between the two countries, and Syria should not our brothers said, from and stability are playing. Today, Saudi Arabia, through the Arab coalition, is found today in Yemen.
[00:04:53] aspect of It has liberated almost 80% of Yemeni territories. They have been liberated,
[00:04:58] there was no industry God willing, the path to ...
[00:05:02] of the ministers participating with
[00:05:19] Professor Nayef, I really want to ask you also, to what extent is the relationship today
[00:05:22] complementary? And also, Syria has
[00:05:26] what it can offer to its Arab surroundings due to its strategic location
[00:05:29] and its return also, since you are talking
[00:05:32] about what is happening in Yemen,
[00:05:36] Iraq? The matter will probably seem completely different.
[00:05:39] Syria is an influential country. Syria is a strong
[00:05:43] country politically, militarily, securely, strategically. No one doubts this.
[00:05:46] Syria today, Syria today is not the Syria of today, but the Syria
[00:05:49] of Ahmed Al-Shara, the Syria of institutions, the Syria of strength, the Syria of the Arab
[00:05:53] embrace, the Syria of the Islamic embrace, the Syria of growth,
[00:05:57] development, and progress. Let's forget the old files. They have been
[00:06:00] dealt with. Syria today does not talk about crises. They are over. It talks about
[00:06:04] the crisis. Today it talks about development. It talks about
[00:06:08] the reality of state institutions. Today Syria has automation
[00:06:11] and it has laws and it has development
[00:06:14] and it has artificial intelligence and it has everything related
[00:06:17] to Syria's development. Otherwise, the visit of a delegation of this
[00:06:21] high level and the signing of these agreements with Saudi Arabia is a clear indication
[00:06:25] that Syria yesterday
[00:06:28] is not Syria today. Syria today, thank God, has its strength
[00:06:31] and its sovereignty and its influence
[00:06:35] on its Arab and Islamic surroundings, and the state, yes.
[00:06:39] Okay, returning to Professor Rida, Professor Rida,
[00:06:42] you talked about the importance of economic
[00:06:45] projects between the two countries, and a little while ago my guest, the doctor, was saying
[00:06:48] that places with high
[00:06:52] risks will have high profits. This is what I understood from you.
[00:06:56] Okay, but on the same side, perhaps some might tell you
[00:06:59] that it might be an adventure. Is it an adventure in
[00:07:03] Syria, or is it quite the opposite, attractive
[00:07:06] for investments and a future for a very profitable
[00:07:10] and sustainable investment? My
[00:07:13] dear sir, we need to
[00:07:17] create an environment, an environment
[00:07:19] that attracts investors
[00:07:22] for the investor these
[00:07:25] investment opportunities. All
[00:07:28] resources are available to us, and as my
[00:07:31] colleague said, Syria is a raw country and Syria
[00:07:35] needs it, and investors are ready, but
[00:07:39] investors need an environment
[00:07:43] that attracts them, that makes them comfortable,
[00:07:45] because organizing
[00:07:48] their affairs, organizing... what
[00:07:51] do you mean by environment? What do we simplify the matter? What
[00:07:54] is required today from Syria to attract
[00:07:57] investors? What is required is remittances,
[00:08:01] guaranteeing profits, and encouraging them to
[00:08:05] sign investment contracts,
[00:08:08] but in partnership, that we be partners,
[00:08:13] partners between two sister countries, a country with
[00:08:16] high experience
[00:08:19] implementation. And we have
[00:08:23] our republic, which is available, and it has
[00:08:26] all the conducive factors
[00:08:28] with its strategic location,
[00:08:31] with its raw
[00:08:33] land,
[00:08:35] with the power that we can work on, which
[00:08:39] is human resources. Our people
[00:08:43] need education
[00:08:47] after all these
[00:08:50] dark years that we went through, the years
[00:08:52] of darkness that we were forced to live in because
[00:08:56] of a regime
[00:08:59] that monopolized everything for itself. We
[00:09:02] have youth power that needs education. We have
[00:09:06] land that needs, we must create these investment opportunities
[00:09:09] so that we all come and invest more and more. This
[00:09:13] has happened and is happening. It needs
[00:09:16] a little time, but I appeal to all
[00:09:20] government and specialized authorities
[00:09:22] to create
[00:09:26] this environment that motivates
[00:09:29] and encourages investors more and more
[00:09:32] because Syria is
[00:09:35] a land, a ready and prepared land.
[00:09:39] We just need help and more
[00:09:43] and more progress, hand in hand, and God willing,
[00:09:46] we will reach very important investments
[00:09:49] between us and benefit from
[00:09:52] the experiences and the embrace of Saudi
[00:09:55] Arabia, which embraced us, as
[00:09:59] the beginning, and to a brighter
[00:10:03] future, more and more. I believe in this because
[00:10:06] we were created in this
[00:10:09] Kingdom and we saw how
[00:10:12] it embraced us, and we know
[00:10:16] the approach, the style, and the vision that it is pursuing
[00:10:20] and working with, and the opportunities
[00:10:22] that we can benefit from to prepare
[00:10:25] our infrastructure and prepare
[00:10:27] وتهيء
[00:10:30] job opportunities for young people and exploit all agricultural
[00:10:34] resources that we have
[00:10:37] raw materials that
[00:10:41] carry us, God willing, to
[00:10:44] a future
[00:10:47] that will be, I mean, today rather than tomorrow. That's what I can
[00:10:51] say. Yes. Well, I return to you, Dr. Basel. Today,
[00:10:55] Saudi Arabia and many Arab countries are very interested
[00:10:58] in Syria's development and
[00:11:01] stability. How can Syria invest
[00:11:05] this interest and these agreements that were signed
[00:11:09] today in economic recovery, reconstruction,
[00:11:12] and stability?
[00:11:15] I mean, today there is a part of this
[00:11:18] visit that clarifies or reveals Syria's
[00:11:22] return to its regional and Arab
[00:11:25] surroundings, and Syria's importance
[00:11:29] in regional stability. Riyadh also views
[00:11:33] a stable Syria as a basic
[00:11:37] Arab national security.
[00:11:40] And here, it can be said that
[00:11:44] Syria is located at the crossroads of
[00:11:47] three paths or three axes:
[00:11:51] stability of the Eastern Mediterranean, security of
[00:11:54] the Arab Mashriq, in addition to being on
[00:11:57] the path or line of Iranian influence.
[00:12:01] We remember that
[00:12:04] time, the main pillar for Iranian
[00:12:07] supply to Iran's allies and proxies,
[00:12:11] whether in Lebanon or other regions,
[00:12:13] on its way to the Mediterranean. This
[00:12:17] all ended with the fall of
[00:12:20] the former regime. And here is an Arab
[00:12:23] interest, a Gulf interest, a Saudi
[00:12:26] interest. I just want to refer
[00:12:30] to brother Ammar's question about what
[00:12:34] Syria can offer to attract investments
[00:12:38] and make it attractive for investors
[00:12:41] to come. It is necessary to update and develop all
[00:12:45] previous laws, create a legislative
[00:12:48] environment attractive to investment, provide
[00:12:52] guarantees to the investor,
[00:12:55] in addition to the banking environment
[00:12:58] to facilitate financial
[00:13:01] transfers and withdrawals. All
[00:13:04] of this encourages investors, whether
[00:13:07] Saudi or others, so that
[00:13:11] it becomes an opportunity and Syria invests.
[00:13:15] We know that, as
[00:13:17] you said, doctor, there were some
[00:13:20] statements that Syria is not
[00:13:23] ready for investment, not stable. These
[00:13:27] agreements signed today with the Kingdom, what do
[00:13:30] they indicate?
[00:13:33] They indicate that there is
[00:13:37] Saudi confidence and belief that Syria is capable
[00:13:43] and overcoming all the challenges it faces.
[00:13:47] However, as I said, there are still obstacles
[00:13:51] that must be overcome.
[00:13:54] There is, there is the trust of our brothers.
[00:13:58] We must make
[00:14:01] it
[00:14:04] in its place, meaning we must also
[00:14:07] create the conditions that our brothers
[00:14:10] need to complete the task.
[00:14:12] They extended their hands, we must be ready
[00:14:16] and seize this opportunity. In answer
[00:14:19] to your question,
[00:14:21] we are indeed facing a historical opportunity,
[00:14:25] both with the Saudi support, the Gulf
[00:14:28] support, regional support, even, I mean, the United
[00:14:31] States of America. We do not know
[00:14:35] how conditions will change after these
[00:14:38] elections, the midterm elections and the Democrats'
[00:14:41] control of Congress, both the Senate
[00:14:44] and the House. But the previous
[00:14:47] period was a historical
[00:14:50] stage that the Syrian-American
[00:14:53] relationship had not experienced since independence. So we
[00:14:56] are facing a historical opportunity for Syria with this Arab,
[00:15:00] regional, international embrace.
[00:15:04] The ball is now in our court. The ball
[00:15:07] We must respond to all
[00:15:10] this trust that is given to us,
[00:15:13] whether by the Saudis today, by signing these comprehensive agreements
[00:15:17] in more than one sector: financial, economic,
[00:15:21] military, security. And this is clarified by both the nature
[00:15:24] of the agreement and the nature
[00:15:27] the delegation that visited Saudi
[00:15:30] Arabia. We must invest all these
[00:15:33] circumstances and create an investment environment,
[00:15:37] as I said, by updating and developing laws, making the legislative
[00:15:41] environment suitable and prepared for investments,
[00:15:45] in addition to the guarantees that the investor needs in
[00:15:49] any country, whether Arab or foreign, and not only in
[00:15:54] the level that our brothers expect
[00:15:58] from us. Excellent, Dr. Basel, you raised very
[00:16:02] important points, and I mean, I was supposed to give the floor to you,
[00:16:05] doctor, but allow me to refer these points to our guest,
[00:16:10] Riyadh, Professor Nayef. Professor Nayef, Dr. Basel
[00:16:14] frankly said that there is Saudi faith
[00:16:17] in Syria,
[00:16:19] and he pointed to important points. There were high-level
[00:16:23] statements from, I mean, a great power, that
[00:16:26] no one encourages investment, the situation
[00:16:30] is unstable, internal and external problems. But despite that,
[00:16:34] Saudi Arabia is moving forward with this momentum. Also, I mean,
[00:16:37] only yesterday, the Democrats took control
[00:16:42] of Congress in both its chambers, the Senate
[00:16:46] and the House, and despite that,
[00:16:49] Saudi Arabia is moving forward with full confidence. What
[00:16:52] does Saudi Arabia rely enthusiasm
[00:16:57] economic support?
[00:17:00] United States. Yes, yes. And the United States of America, for the first time,
[00:17:04] the United States of America has elections. Over the many years that have passed,
[00:17:07] how the Republicans are, how the Democrats are. But policies may change, and perhaps
[00:17:11] we will return to the Obama era in dealing with Iran, for example.
[00:17:17] the Kingdom, and it will not affect Syria, and it will not affect
[00:17:20] because relations are strong, and relations are solid, and the relations of Saudi
[00:17:24] Arabia are equal to those of other countries, no matter what. I mean, the Kingdom is a political
[00:17:28] power, a military power, a security power, and our relationship with Syria is
[00:17:31] a relationship of a brother with his brother, and a neighbor with his neighbor, and an Arab with an Arab,
[00:17:35] and a Muslim with a Muslim. And a little while ago,
[00:17:38] about a point, which was what was called the Shiite
[00:17:41] crescent. Today, Syria, it is enough that it
[00:17:44] broke this crescent. It is enough that it prevented Iranian expansion.
[00:17:48] It prevented the expansion of the militias
[00:17:51] that were present, whether
[00:17:54] be underestimated as a power. It should not be underestimated as a state. Today, it is coming
[00:17:58] with its political power and its
[00:18:00] security power, as well as its economic
[00:18:04] power. Anyone who says they entered into partnerships with Syria today
[00:18:07] will find, God willing, it is enough that you support an Arab country. It is enough
[00:18:11] that you support an Islamic country. It is enough that you support a country that has helped
[00:18:15] you, or to be precise, the first visit was to Saudi Arabia,
[00:18:18] and as they say, it is a partnership. It is a partnership, by the way. It is not,
[00:18:21] it is not that Syria is not working on
[00:18:24] charity work or relief work or anything like that. What we see today
[00:18:28] is not relief work. What we see today is the signing
[00:18:31] of agreements. Syria has merchants, it has
[00:18:34] investors, it has industries, it has
[00:18:37] innovations, it has human resources, it has
[00:18:41] all of these. It will work hand in hand with Saudi
[00:18:44] Arabia. Today, Saudi Arabia and Syria will become two powers,
[00:18:48] whether in the military aspect, or the economic aspect, or the political aspect, or
[00:18:51] the security aspect. We are strengthening ourselves as Arab
[00:18:55] countries. Whenever a member of any Arab country or Islamic country complains,
[00:18:59] the other member will complain.
[00:19:03] time, but I don't want to talk about the past. The past is over. Today we have
[00:19:06] a strong government, we have the coming government that changed many
[00:19:10] of the regulations. A little while ago, we were talking about the regulations. Most of the regulations
[00:19:14] related to trade and investment have been fundamentally changed in Syria.
[00:19:17] They are now suitable for Saudi investors to invest there
[00:19:21] in Syria. Also, thank God, the Kingdom
[00:19:25] in the investment aspect, in the legal aspect, in the Kingdom's regulations.
[00:19:28] All of this is in order to strengthen Saudi Arabia
[00:19:32] through the Kingdom's Vision 2030: a prosperous economy,
[00:19:36] an ambitious nation, a vibrant society. Today, the Kingdom is living a vibrant life
[00:19:39] and is keen on Syria's security, keen on Syria's stability,
[00:19:43] keen on Syria's economy. Syria, by the way, in less than five years, and I am sure of that,
[00:19:47] will become the new China. It will have industries, it will have investments.
[00:19:51] Instead of importing goods from distant lands, from the East and the West,
[00:19:54] we will import them from Syria because Syria has agriculture, and this is very important.
[00:19:58] It has industry, it has
[00:20:01] in human resources, it has promising industries, or
[00:20:05] it has promising trade. This will make
[00:20:08] the Kingdom put its weight in Syria, and it will gain
[00:20:11] Syria's security first, and it will also gain Syria's stability, and it will gain
[00:20:15] both countries. Any relationship between two countries, by the way, is a bilateral
[00:20:19] relationship based on respect, based on mutual
[00:20:23] benefits. All of this is present
[00:20:26] be underestimated, by the way. I mean, no matter what, we can talk about
[00:20:30] the previous government, I mean, it was hijacked, and unfortunately,
[00:20:35] in it, there was no correct tourism. But Syria, in two
[00:20:39] years, today, anyone who reviews Syria's institutions and its system
[00:20:43] and saw its existing investments in it, or visited Syria, today we
[00:20:46] only see video clips of how beautiful Damascus is, how
[00:20:50] beautiful the streets of Damascus are, how the Umayyad Mosque returned,
[00:20:53] how life returned to Syria. Today, the Syrian person has regained
[00:20:57] his life, regained his energy, regained his positivity, regained
[00:21:01] his love for, and relations have also
[00:21:04] returned, and Syria has taken from the Arabs. We say, thank God,
[00:21:07] thank God, thank God for Syria's return, and relations with Saudi Arabia
[00:21:11] are in their best state. Let me return to you here, Dr.
[00:21:17] Saudi Arabia said, Syria has many potentials, and it is a fertile
[00:21:20] ground for investment.
[00:21:23] Why, or in which areas can
[00:21:26] those interested in the Syrian market today invest,
[00:21:30] especially Saudis today, after these
[00:21:33] agreements that were signed in various sectors?
[00:21:36] But in your opinion, from your point of view, what are the most prominent
[00:21:40] sectors in which an investor can invest?
[00:21:43] Okay, well, the sectors
[00:21:46] that we can focus on clearly
[00:21:50] and move to practical
[00:21:53] and applied talk are, for example, Saudi
[00:21:56] Arabia, as we all know,
[00:22:01] the world. So what Syria benefits from, Syria is a special environment
[00:22:05] for it to be in, and this is what also enabled us to establish
[00:22:11] Saudi Arabia. So I say that at the top
[00:22:14] of these industries that Saudi Arabia can benefit from are
[00:22:17] the processing industries of oil derivatives. And
[00:22:21] also benefiting from Syria's location in delivering
[00:22:24] these resources and exporting them to Europe. Benefiting from Syria's
[00:22:28] geographical location when these industries are established in
[00:22:32] industrial cities in
[00:22:34] impact of this matter is very, very
[00:22:38] important. Firstly,
[00:22:42] Saudi Arabia. Secondly, as we know, a few
[00:22:45] months ago, an agreement was signed between the Syrian
[00:22:49] Central Bank and Saudi Arabia to establish the first Saudi-
[00:22:52] Syrian bank. So even the transfer system between the two countries
[00:22:56] will also be an easy matter, especially after
[00:22:59] all legal obstacles that prevented
[00:23:02] that were removed, including the Caesar
[00:23:05] Act, and finally the removal of Syria from the list of
[00:23:09] state sponsors of terrorism. This is an important point. Perhaps what worries investors
[00:23:13] most is the issue of financial transfers. Yes, today
[00:23:16] financial transfers, in fact, there is no longer any legal obstacle.
[00:23:20] Therefore, I always say that today
[00:23:23] these diplomatic efforts undertaken by the Ministry
[00:23:26] of Foreign Affairs and Mr. President are moving
[00:23:30] from understandings to achievements and the signing of agreements.
[00:23:33] In fact, there is diligent work that
[00:23:37] certain sectors in the Syrian government, such as the banking
[00:23:40] sector, the financial sector, the Investment Authority, the Ministry
[00:23:44] of Economy, in fact, all of them collectively
[00:23:47] must categorize these
[00:23:50] works in an organized manner and make
[00:23:53] the path to investment in Syria ready
[00:23:56] and clear, what is for you and what is against you, and what are the
[00:24:00] advantages that we will offer you, and what is the time that
[00:24:04] it will take. So I return to your first question. In fact, this
[00:24:09] in terms of practical and applied aspects for Saudi
[00:24:12] investors. This is a very important aspect. The other
[00:24:16] aspect, in fact, is the agricultural and food security aspect.
[00:24:27] if invested correctly, and we also benefit from Saudi expertise. In fact, today Saudi administration
[00:24:31] in all sectors is an efficient administration
[00:24:34] and can be benefited from, because it is not enough to just
[00:24:37] own the resource. Managing the resource is more
[00:24:40] important than owning the
[00:24:44] Saudi expertise may actually transform
[00:24:47] the economic reality from one state to a better
[00:24:50] state. In fact, the Ministry of Finance has now
[00:24:53] issued information
[00:24:56] about the signing of six concessional development loan agreements
[00:24:59] with the Saudi Fund for Development worth
[00:25:02] over
[00:25:03] four hundred, 403
[00:25:07] million dollars to finance service
[00:25:11] figure, in your opinion,
[00:25:14] how can it be distributed? I mean, there are many
[00:25:18] sectors that have been discussed. I think
[00:25:20] this
[00:25:25] 403 million dollars was the agreement with
[00:25:29] the main title of "Syria without
[00:25:32] camps." In fact,
[00:25:35] the Saudi
[00:25:37] investment fund, or rather the Saudi Development Fund. The Saudi Development
[00:25:40] Fund supports the
[00:25:43] recovery. However, the other agreements and what we are talking about
[00:25:47] regarding recovery is only a part. But on the other
[00:25:50] track, there is an investment aspect because I always, in fact, today we are focusing on the investment
[00:25:54] aspect because the investment aspect is what creates
[00:25:57] capacity and what creates the sustainability of this capacity
[00:26:01] through enhancing local production and attracting capital
[00:26:05] to enhance production, as I said, and also,
[00:26:07] in fact, if I want to go back and talk about
[00:26:11] the issue of economic security, today
[00:26:14] Syria has positioned itself as having
[00:26:18] regional influence in the region, and this is in fact what prompted Saudi Arabia
[00:26:22] to sign this agreement with it at this time, because today
[00:26:25] we see the straits, whether the Strait of Hormuz
[00:26:29] or the Bab al-Mandab Strait, all of these now have major
[00:26:33] problems. So Syria, with its geo-
[00:26:36] economic location, in fact, is now a very important
[00:26:40] location, and there is a very great bet on it. The bet
[00:26:43] is on the Syrian interior
[00:26:47] to transform this geographical resource that God Almighty has blessed
[00:26:50] us with from a transit economy to a corridor economy. I am not interested only in
[00:26:54] the passage of goods and services through my country.
[00:26:57] No, I want to transform today. Our ambition as Syrians
[00:27:01] is to transform this transit economy into a corridor economy.
[00:27:05] That is, wherever the dollar passes, I can offer
[00:27:08] it services
[00:27:11] and offer it goods
[00:27:14] and create job opportunities and create
[00:27:16] development opportunities. Therefore, I believe that investment opportunities are
[00:27:20] very great in Syria, but the basic rule
[00:27:23] from which investment starts is the clarity of the investment
[00:27:26] map and investment requirements
[00:27:30] and time. I believe that today, I mean, today, after one year
[00:27:34] and ten months, we have talked in many meetings that we must
[00:27:37] facilitate and simplify procedures,
[00:27:41] and before that, we were talking. about the
[00:27:43] absence of the People's Assembly today, we thank God, the legislative
[00:27:47] authority has been completed.
[00:27:49] So I think today, among the top priorities, and before anything
[00:27:53] else, we must indeed complete what
[00:27:56] relates to investment laws and reassure investors, because I always
[00:28:00] come back and say, trust
[00:28:02] is the biggest national capital that we can invest internally
[00:28:06] and externally, and trust cannot be built without transparency.
[00:28:10] Beautiful. Going back to Mr. Reda,
[00:28:13] Mr. Reda, you are
[00:28:16] Riyadh. Today, all these projects
[00:28:20] contribute to supporting important infrastructure.
[00:28:23] We are talking about supporting civil defense, civil
[00:28:27] defense centers, about 100 million
[00:28:30] dollars allocated to the health sector, hospitals and health centers,
[00:28:34] and also
[00:28:36] a large part of this or this amount
[00:28:40] is going to the issue of energy, electricity
[00:28:44] and water.
[00:28:46] How will such projects reflect on the service
[00:28:50] reality of the Syrian citizen? First
[00:28:54] of
[00:28:56] all, Saudi Arabia has experience, as we
[00:29:00] mentioned before, in the issue of energy and water
[00:29:02] treatment, providing energy. This
[00:29:06] encouraged the investor to make
[00:29:10] the existing costs low
[00:29:12] for establishing factories or
[00:29:15] investments,
[00:29:18] so that the costs are simple and available,
[00:29:21] and not at high costs, okay, and re-guiding
[00:29:24] and rationalizing this
[00:29:28] consumed water in
[00:29:31] non-existent ways and transferring it to be invested in agricultural
[00:29:35] investments as well, okay,
[00:29:38] and creating job opportunities
[00:29:42] for the Syrian citizen in a very very
[00:29:46] big way. This
[00:29:49] experience we, as investors,
[00:29:52] need, and these two sectors are very important
[00:29:56] sectors.
[00:30:01] luxuries, in the matter
[00:30:04] of industries, because we always say that we
[00:30:08] don't just want investors, we
[00:30:11] want Syria to have
[00:30:14] investment and partnership
[00:30:18] to be a land that can
[00:30:22] produce and export, and
[00:30:25] for it to be productive and export, it needs
[00:30:28] these two things, which are energy and
[00:30:32] water treatment, of course, of which
[00:30:36] the Kingdom of Saudi
[00:30:38] Arabia
[00:30:40] is a pioneer, and we must benefit from these experiences and and