SIA to Reactivate Investment, Eliminate Obstacles Hindering it

 Aiming at eliminating the obstacles hindering investment activities, the Syrian Investment Agency (SIA) has asserted that this year will witness the constant following-up of the carried out investment projects in addition to those under implementation as well as the projects enlisted during last year.

In a statement to the press, Hala Ghazal, the SIA Director General said that last year the agency enlisted 45 investment projects to be implemented in different domains costing approximately (SYP) 37.6bln. She indicated that these projects were to be carried out in different governorates.

Ghazal pointed out that despite the exceptional circumstances Syria has been witnessing and the unjust sanctions imposed on a number of establishments and businessmen, 11 projects were carried out last year and 10 projects are under implementation.

She clarified that 26 industrial projects, 18 agricultural and transport projects, in addition to many projects covering other fields were enlisted for implementation in all the Syrian Governorates.

Ghazal clarified that only four Arab and foreign investment projects at approximately SYP 23.4bln were enlisted and were to be implemented by Turkish, Jordanian, Palestinian and Iraqi investors.

”Ten projects at a cost of SYP 85.8bln got licenses last year in order to be carried out in the industrial and agriculture sectors.11 projects at a total cost estimated at SYP 10.2bln obtained full and partial industrial records last year with the purpose of being implemented in the industrial and agriculture sectors”, Ghazal said.

Rawaa Ghanam