Economy Minister: Activating Investment Process

DAMASCUS, (ST)- Under the chairmanship of the Minister of Economy and Foreign Trade, Dr. Hammam AlJazeri, participants in the Board of Directors of the Syrian Investment Agency   (SIA) meeting discussed difficulties facing some of the investment projects and mapping out a standardized methodology to evaluate the projects according to the specificity of each project.

Participants focused on the importance of communication with the owner of the project to find out the current status of the project, administrative and financial obligations, the extent of development and adoption of this data as a basis for evaluation and decision-making stage, demanding a review of investment law to increase procedures in the ratio of the actual implementation, overcome the obstacles and impediments to the benefit of  investors.

The Minister stressed the need to strengthen the role of the Syrian Investment Agency to activate and adjust the investment process to increase the share of real productive investments in the basket of total investment in Syria.

The meeting was attended by Chairman of the Commission and members of the Board of the Authority, the Director General of the General Authority for Taxes and Fees, the heads of the Federations of Chambers of Commerce and Agriculture and the Vice President of the Federation of Syrian Chambers of Industry.

Sh. Al –Khatib