Saudi Gazette report
RIYADH — Saudi Minister of Funding Khalid Al-Falih stated that the Tadawul (Saudi Inventory Trade) has launched preparations for a complete feasibility research on establishing and working a Damascus Inventory Trade.
Talking on the opening of the Saudi-Syrian roundtable in Riyadh on Monday, Al-Falih famous that there was important progress in a number of just lately signed agreements and memorandums with Syria. He emphasised that the Ministry of Funding seeks to beat financial challenges and obstacles in Syria.
Al-Falih stated the ministry helps a private-sector proposal to determine a fund-of-funds for Saudi investments in Syria. “That is aimed to create a structured and well-governed funding framework to serve the shared aims of each nations, in addition to to spice up the expansion and sustainability of joint investments at an accelerated tempo, and ship distinctive funding outcomes with financing volumes that meet required wants,” he stated.
Al-Falih stated that the true property sector initiatives signed in the course of the Saudi-Syrian discussion board have entered the part of implementation and expressed hope to see them materialize quickly.
The minister emphasised Saudi Arabia and Syria are working to determine a protected and sustainable funding atmosphere that helps funding cooperation and enhances confidence between traders in each nations.