RIYADH — Saudi Arabia and Syria signed a memorandum of understanding (MoU) to strengthen industrial cooperation and integration between the two countries.
The MoU is as part of a series of agreements signed in the presence of Crown Prince Mohammed bin Salman and Syrian President Ahmed al-Sharaa.
The agreement was signed by Saudi Minister of Energy Prince Abdulaziz bin Salman and Syrian Minister of Internal Trade and Consumer Protection Basil Abdulaziz Abdulhannan.
According to the Saudi Ministry of Industry and Mineral Resources, the MoU aims to enhance cooperation and facilitate the exchange of knowledge and expertise across several areas of industrial development.
The agreement covers cooperation on industrial legislation, strategies and policies, alongside efforts to improve industrial production efficiency and develop product quality standards and specifications.
It also seeks to strengthen industrial supply chain integration, support industrial integration between the two countries and facilitate the exchange of expertise in financing industrial projects.
The MoU further includes cooperation on developing industrial cities, improving infrastructure efficiency and sharing knowledge to strengthen workforce capabilities in the industrial sector.
Source: Saudi Gazette