Minister of Finance: Syria is ready to strengthen economic relations with Saudi Arabia

Finance Minister Muhammad Abazid and a Saudi delegation led by Khaled Saeed Al-Qarni, Chief Operating Officer of the Saudi Barq Financial Company, and a delegation of Syrian expatriates, discussed ways to strengthen relations between the two countries in the financial sectors, banking services and electronic payment. They also discussed enhancing investments in the field of digital transformation.

During the meeting, the Minister of Finance praised the position of the Kingdom of Saudi Arabia in support of Syria, and its keenness to boost bilateral cooperation in various fields after the liberation of Syria from the former criminal regime, indicating Syria’s readiness to strengthen financial and economic relations with Saudi Arabia, and advance them in a way that benefits the two countries and the two brotherly peoples.

For his part, the head of the delegation spoke during the meeting about the Saudi experience in the banking sector, and the digital transformation, which has constituted a pioneering turning point in the Kingdom since the year 2018, through the application of modern technologies, as this contributed to improving the quality of government and private services, increasing efficiency and productivity, and reducing time necessary to complete transactions and enhance interaction between individuals and institutions.

Al-Qarni stressed the readiness of Saudi companies to contribute to supporting the Syrian economy and the financial sector in all its aspects, whether in terms of enhancing investments, or transferring Saudi expertise and knowledge in the field of increasing cash flows in the markets, controlling expenses, and facilitating bank transfers.