Minister of State for Investment Discusses New Visions about New Investment Law

DAMASCUS, (ST) – The State Minister for Investment Affairs, Jamal Shahin, discussed recently with the head of the Federation of Syrian Chambers of Industry, Fares al Shihabi, the most important visions and suggestions to be observed in the new investment law to meet the requirements of the next stage in developing and expanding the national industries.

The minister, during a meeting with Shihabi, affirmed the government’s keenness on the participation of all sectors and associations of agriculture, industry, commerce and various national activities for giving their comments and views in order to reach the optimized formula for a new investment, sophisticated and modern law that ensures true participatory among the various parties.

“Discussions will take into account finding new formulas and distinctive investment law and broaden the base of participants to include all activities and sectors in addition to the focus on supporting the national investor and giving it priority in various projects” the State Minister said.

 For his part, Mr. Shihabi raised a number of points of views and ideas on the development of the investment law, in particular the work on a new data input and taking into account the circumstances and the current changes and in line with the stage of recovery and reconstruction.

He pointed to the importance of the new law to give more attention to the issue of sustainable social development and distribution of investment projects on all areas and bring more job opportunities and a focus on value-added investments and stimulate the use of alternative energies and the opening of new export markets and start new industries.

Sh.  Kh.