Free zones in Syria are major investment incubators that support national economy

Economy & Aftermath

Free zones in Syria are very important investment incubators that contribute to the growth of the national economy. They attract local, Arab and foreign investors who seek carrying out industrial and commercial investments that help enhance trade exchange with other countries, reactivate Transit movement, ports’ operations and transport services, create job opportunities and increase the financial resources that support the general treasury.

Eyad Kousa, Director of the General Establishment of Free Zones, said in a statement to SANA  that the establishment always seeks to consolidate the free zones’ economic and development role.

Currently, the establishment focuses on encouraging industrial activities through granting additional advantages for the manufactured products in a way that enables producers and investors to compete the products manufactured in Arab countries and gradually stop importing certain products similar to those manufactured in the Syrian free zones, he added.

 He noted the continuous efforts exerted to support commercial activities and the transit movement in free zones, clarifying that the establishment has achieved a remarkable increase in its revenues compared to past years.  

He went on to say that 749 investors are working in the Syrian free zones, 423 of them carry out their activities at the Damascus Free Zone with an invested capital of $365 million in projects that ensure 4826 job opportunities.

Hamda Mustafa

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