Saudi Arabia’s leading digital solutions provider, Elm, has signed a landmark framework agreement with the Syrian Ministry of Finance to support the comprehensive digitization of the nation’s financial operations. The strategic partnership aims to modernize Syria’s financial sector by leveraging advanced technology to enhance efficiency, transparency, and service delivery.
The agreement was officially signed in Damascus by Mohammad Alomair, CEO of Elm, and Syrian Finance Minister Mohammed Yisr Barnieh, in the presence of key officials including the Saudi Ambassador to Damascus.
A Strategic Partnership for Digital Modernization
The collaboration is a cornerstone of the Syrian Finance Ministry’s strategy to overhaul its services through modern digital systems. Minister Barnieh emphasized that the move will streamline financial procedures, improve the quality of services, and strengthen accountability across the economy.
“The digital transformation represents a cornerstone in the Ministry’s strategy to develop financial services and promote standards of efficiency and transparency through the development of advanced digital systems,” stated Barnieh.
Elm’s CEO, Mohammad Alomair, highlighted that the partnership is designed to transfer the company’s leading expertise and technical solutions to build an integrated digital financial system in Syria. He noted this agreement serves as a launchpad for future projects that will encompass customs, insurance, and taxation.
A Blueprint for National Transformation
This initiative is being positioned as a model for broader digital transformation across all Syrian government institutions. Syrian Minister of Communications and Information Technology, Abdul Salam Haykal, described the agreement as an important step and a benchmark for other government sectors to follow.
The Ministry of Communications has affirmed its commitment to providing the necessary infrastructure and regulatory environment to facilitate the digitization of state services. The collaboration aims to improve the experience for both citizens and businesses, with a focus on making financial transactions more accessible and efficient.
Transferring Expertise and Building Capacity
A key component of the agreement focuses on human capital. The partnership includes provisions for training and qualifying a national cohort of young Syrian professionals to lead and sustain the digital transformation process.
“The agreement focuses primarily on improving the experience of beneficiaries, from citizens to the business sector,” Alomair explained. He expressed hope that combining Elm’s technical expertise with distinguished Syrian talent will yield tangible results in record time.
About Elm
Elm is a leading Saudi company specializing in integrated digital solutions and supporting government digital transformation initiatives. Owned by the Public Investment Fund (PIF), Elm has a proven track record of creating and marketing innovative, secure, and flexible digital solutions designed to meet the needs of both government and private sector clients across the region.
Source: erem business
