Syria is top investor in Saudia Arabia, followed by Japan

Wednesday, June 23, 2004

ABU DHABI Syria has been identified as the leading Arab investor in Saudi Arabia.

The Saudi General Investment Authority cited Syria as being the sixth largest investor in Saudi Arabia. But Damascus was termed as the leading Arab investor in the kingdom.

The Saudi group said Syria invested 1.87 billion riyals, or about $480 million, since 2000. The GIA did not cite the nature of Syrian investment.

The United States was the leading foreign investor in Saudi Arabia with 15.57 billion riyals. Japan was No. 2 with 11.2 billion riyals, followed by France, Britain and Canada.

Copyright 2004 East West Services, Inc.

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