The Syrian Investment Agency: Priority will be given to agricultural projects, transformative and pharmaceutical industries

Economy & Aftermath

Director General of the Syrian Investment Agency has stressed that the agency has put some principles to facilitate license measures and eliminate the obstacles facing investors’ works with aim of helping them accelerate the implementation of their projects.

He affirmed that priority in terms of licensing will be given to productive agricultural projects and to transformative and pharmaceutical industries which can introduce local products to the markets in the light of the economic embargo imposed on Syria.

In a statement to SANA Economic Bulletin, Diab said noted the continuous efforts to license new investment projects that provide alternatives for imports and increase local production and move the production wheel forward. He said that the agency has agreed to license two projects for manufacturing zeolite fertilizers and fodders as well as a project for producing pesticides to help in reducing the importation of these products and meet farmers needs.    

 He also said that the agency agreed on licensing a project for extracting and manufacturing medicinal salt, which is used for medicinal purposes, in Hisya industrial city in Homs. The aim is to meet the local pharmaceutical factories’ needs and dialysis requirements and to achieve self-sufficiency and reduce dependency on imports.

The agency also agreed to license a project for manufacturing carpets and rugs of all kinds in the Adra Industrial city in Damascus countryside, at an estimated cost of 3 billion Syrian pounds.

Hamda Mustafa

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