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

You might also like
Economy

With local and international participation, the “HITEC” exhibition for…

Economy & Aftermath

Conference of Investment Prospects and Visions in Reconstruction Phase continues its…

Economy & Aftermath

Conference on“Investment Prospects and Visions in the reconstruction phase” kicks off

Economy & Aftermath

ACSAD holds training course on proper management of salt-affected soils

.. _copyright: Copyright ========= .. code-block:: none Copyright (C) 1998-2000 Tobias Ratschiller Copyright (C) 2001-2018 Marc Delisle Olivier Müller Robin Johnson Alexander M. Turek Michal Čihař Garvin Hicking Michael Keck Sebastian Mendel [check credits for more details] This program is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License version 2, as published by the Free Software Foundation. This program is distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU General Public License for more details. You should have received a copy of the GNU General Public License along with this program. If not, see . Third party licenses ++++++++++++++++++++ phpMyAdmin includes several third-party libraries which come under their respective licenses. jQuery's license, which is where we got the files under js/vendor/jquery/ is (MIT|GPL), a copy of each license is available in this repository (GPL is available as LICENSE, MIT as js/vendor/jquery/MIT-LICENSE.txt). The download kit additionally includes several composer libraries. See their licensing information in the vendor/ directory.