Egyptian businessman Mohamed Saada, head of the Egyptian side of the Egyptian-Syrian Business Council and Secretary-General of the Egyptian Federation of Chambers of Commerce, has stated that Egypt will provide Syria with all its expertise and capabilities to help the country overcome its current challenges. This announcement was made during the first meeting of the Egyptian-Syrian Business Council, held in Damascus, Syria. The council aims to enhance economic and trade relations between the two countries.
The Egyptian-Syrian Business Council will focus on several key areas, including the development of Syria's infrastructure, such as electricity, roads, ports, water, and sanitation. The council also plans to establish new cities, industrial zones, and logistics centers, as well as upgrade and rehabilitate existing factories, power plants, and oil and gas wells. These efforts aim to support Syria's economic recovery and growth.
Mohamed Saada emphasized that the council will strive to create an economic unit to promote bilateral trade, joint investments, and job creation. He added that the Egyptian business community is eager to participate in Syria's reconstruction and development, and to explore opportunities for trade and investment. The council brings together leaders from Egyptian chambers of commerce, industry, and business to discuss and implement joint projects with their Syrian counterparts.
To achieve its goals, the council plans to form major international alliances that can secure financing for development projects with favorable terms and long repayment periods. The council will also work on integrating industrial and logistics centers, leveraging shared expertise and resources to boost exports to neighboring countries. This strategy aims to take advantage of free trade agreements and proximity to key markets.
Mohamed Saada invited his Syrian counterparts to collaborate with Egyptian business leaders on projects in construction, industry, agriculture, services, and exports. He stressed that creating jobs and driving economic growth should be top priorities for both countries. By working together, Egypt and Syria can create a partnership that benefits both nations and their people.
The Egyptian-Syrian Business Council was established following a decision by Egyptian Investment and Foreign Trade Minister Dr. Mohamed Fares. The council is chaired by Mohamed Saada, who is also the Secretary-General of the Egyptian Federation of Chambers of Commerce and head of the Port Said Chamber of Commerce. The council's formation reflects the Egyptian government's efforts to strengthen economic ties with Syria and support the country's recovery.
The Egyptian-Syrian Business Council's activities are expected to have a positive impact on bilateral relations and economic cooperation between Egypt and Syria. By sharing expertise and resources, the two countries can unlock new opportunities for growth and development. The council's success will depend on the active participation of Egyptian and Syrian business leaders, as well as government support and facilitation.
Key points
- Egypt will provide Syria with expertise and capabilities to develop its infrastructure, economy, and industry.
- The Egyptian-Syrian Business Council aims to promote bilateral trade, joint investments, and job creation.
- The council plans to form international alliances to secure financing for development projects in Syria.
