Armenian Economic Delegation Inspects Investment Opportunities in Syria

Damascus,(ST) - During the meeting held here  between the Armenian economic delegation chaired by Armenian Minister of Economic Development and Investments,Surin Karayan, and the Director General of the Syrian Investment Authority Dr. Enas al –Umawi, the two sides discussed the investment opportunities available in the Syrian governorates and the procedures required by the Armenian investor and facilities and the support provided by the Syrian Investment Authority to overcome obstacles to its work.

Damascus Chamber of Commerce discusses with the Armenian delegation the development of bilateral cooperation

The Chairman of the Damascus Chamber of Commerce and several members of the Board of Directors discussed with the Armenian delegation the promotion of economic and trade cooperation between the two countries and ways of removing obstacles to the development of such cooperation.

The Chairman of the Board of Directors Ghassan Al-Qalaa stressed the importance of this visit to revive the commercial and industrial trade relations between the two countries and activate trade exchanges in both directions. There should be diversification of goods. He pointed out the need to expand the Syrian-Armenian Business Council in order to increase the volume of trade exchange and export of Syrian goods to Armenia and neighboring countries.

For his part, member of the Board of Directors of the Damascus Chamber of Commerce, Nazrit Yacoubian, pointed out the importance of Armenian companies in the reconstruction process in Syria, encouraging and facilitating visits between the two countries and facilitating the entry of Syrian businessmen to Armenia.

The Armenian Minister explained that the visit aims to develop relations between the two sides and increase the volume of trade exchange within a short period through effective cooperation between the two sides to implement practical steps to facilitate and simplify the entry of Syrian and Armenian goods to the two countries.

A number of members of the delegation, including the Special Envoy of the Ministry of Foreign Affairs of Armenia Levon Sarkisian, pointed to the widespread demand for Syrian products in Armenia, which was evident at the Syrian Products Exhibition which was held in Armenia recently, expressing the hope to strengthen the ties between the two countries and to encourage and support investments.

The two sides agreed to exchange visits of delegations and cooperation between the Chambers of Commerce in Syria and Armenia and the need for the participation of Armenian businessmen in the reconstruction of Syria.

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Syria, Oman Sign MoU on Oil and Gas Cooperation

MUSCAT– Syria and Oman signed a Memo of Understanding on expanding prospects of mutual cooperation between the two countries in oil and gas fields.

According to SANA, this came during a visit by Minister of Petroleum and Mineral Resources Ali Ghanem to Oman and after holding talks with Omani officials on the future of cooperation between the two countries in the fields of oil and gas.

Ghanem said that the MoU will participate in the formation of solid basis for future cooperation, particularly in the reconstruction stage, and will help in benefiting from the Omani expertise in various domains connected to oil derivatives.

Syrian-Omani Oil Services Company to Be Established

Masqat– Syrian and Omani technical teams will start to establish a joint services company in Syria to provide oil services to the companies operating in the gas and oil fields, and the rehabilitation and reconstruction of damaged oil facilities.

According to SANA, the agreement came during a meeting between Minister of Petroleum and Mineral Resources Ali Ghanem and Omani Oil and Gas Minister Mohammed Bin Hamad Al-Rumhy.

Premier Stresses Importance of Setting up Solid Base for Syrian-Armenia Cooperation

 DAMASCUS– Prime Minister Imad Khamis on Sunday reviewed with Minister of Economic Development and Investments of Armenia Suren Karayan and the accompanying delegation prospects of cooperation in the fields of economy, investment, and tourism between the two countries, in addition to means of setting up solid bases for this cooperation in the upcoming stage, SANA reported.

Premier Khamis clarified the need for developing a joint vision for legislations that develop work between the two friendly countries, as well as the need for considering providing customs facilitations and the importance of the continuous work of the Syrian-Armenian joint committee, in addition to setting specific projects on the investment map in Syria.