Saudi, Syria Discuss Investment Projects

An official in the Saudi Fund for Development (SFD) and Syria's transport and housing ministers discussed SFD's contribution in funding investment projects in Syria. According to a press release issued by the Syrian Transport Ministry, SFD's Executive Director Yousef AlـBassam discussed with Transport Minister, Yarub Bader Saturday evening possible cooperation between the ministry and the fund.

The fund realizes the importance of the Arab railway project which will activate Arab joint action, AlـBassam said. On his part, Bader said that the European Investment Bank agreed to fund economic feasibility studies on connecting the railway project with Jordan and Saudi Arabia.The studies will be ready by the end of 2010, he added. AlـBassam told reporters that SFD contributed in funding more than 14 development projects in Syria and that it was keen on funding new projects.- AlWatan