The Syrian capital became a hub for bilateral trade discussions on Sunday, Jan. 11, as the Syrian-Egyptian Economic Forum officially commenced. This gathering is designed to accelerate investment, expand commercial exchange, and foster the creation of collaborative ventures between the two nations.
Collaboration for Reconstruction and Development
Jointly coordinated by the Chambers of Commerce from both Syria and Egypt, the event attracted a diverse group of government officials, institutional representatives, and prominent business figures. As Syria transitions into its period of reconstruction, the forum seeks to identify and capitalize on new avenues for bilateral economic synergy.
During the inaugural ceremony, Economy and Industry Minister Nidal al-Shaar addressed the audience, emphasizing the vast potential inherent in the partnership. He stated, “Enhancing economic cooperation between Syria and Egypt goes beyond the mere exchange of goods. It focuses on establishing joint projects, thereby increasing the likelihood of success and long-term sustainability.”
Minister al-Shaar further noted that the economic relationship serves as a natural extension of their mutual strengths. He pointed out that both countries share comparable patterns in consumption and production, possess strong human capital, and rely on the critical sectors of services, agriculture, and industry.
Private Sector Engagement and Strategic Growth
Strengthening Private Sector Ties
Ahmed El-Wakil, the President of the Egyptian Chambers of Commerce, stressed the vital importance of this relationship, noting that bolstering economic ties with Syria has become an “urgent necessity.” He called for the development of robust and effective partnerships between the private sectors of both countries to realize these goals.
Echoing these sentiments, Alaa al-Ali, President of the Syrian Chambers of Commerce, characterized the forum as “a strategic step toward reconstruction and development across multiple sectors. Joint cooperation is a key driver of economic growth for Syria and Egypt in the coming phase.”
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