In a major step towards boosting investment in Syria, Kayan Commercial Holding Group has signed a strategic memorandum of understanding with a group of prominent Chinese and Saudi companies. The agreement covers several vital sectors, including energy, infrastructure, maritime transport, agriculture, telecommunications, industrial manufacturing, general trade, and oil and gas, with a total investment value exceeding USD 1 billion.
The agreement was signed in August 2025, and the resulting projects are expected to generate over 10,000 direct job opportunities, with a significantly larger number of indirect jobs, contributing to Syria’s economic recovery and long-term development goals.
Kayan’s Vision: Investing in the Future of Syria
Commenting on the agreement, Mr. Walid Hendawi, Chairman of Kayan Group, stated:
“Our group is a collective of companies focused on infrastructure development, telecommunications, free trade, factory establishment, and the energy sector. We are currently planning to launch the largest furniture manufacturing plant in the Middle East, targeting markets across the region and Europe.”
He added: “We’ve signed agreements with our partners in the Kingdom of Saudi Arabia focused on energy, while our Chinese partners have shown strong interest in telecommunications, infrastructure, and real estate development.”
International Confidence in Syria’s Future
The Chinese partnership representative expressed optimism, saying:
“This is my third visit to Damascus, and I’m pleased to be here again. We trust Syria’s future based on the government’s vision and national programs. We’re excited to partner with Kayan Group on these upcoming projects—especially in telecommunications—and are also exploring further investment opportunities to support Syria’s recovery.”
Similarly, the Saudi partnership representative emphasized the importance of this strategic step:
“The joint efforts over the past six months have led to this agreement, which will soon be reflected on the ground. The Syrian government is currently encouraging investors, and the country urgently needs this type of large-scale partnership across all sectors.”
Investment in Syria: A New Chapter of Opportunity
This strategic memorandum marks a turning point in the journey toward reviving investment in Syria. By bringing together visionary regional and international partners, Kayan Group is paving the way for sustainable development, job creation, and economic transformation.
