SIA: Investment Map Includes Small, Medium Projects

DAMASCUS, (ST) – Head of the Syrian Investment Authority (SIA), Eng. Haleh Ghazal, underlined that the current investment map includes small, medium and a variety of projects for all sectors. The map includes a change in priorities in terms of these projects in order to serve the current situation experienced by Syria, the needs created by the crisis and to revive the historical advantages that characterize the Syrian industry.

During a meeting with a delegation representing the FIA Arab and the Syrian community in Venezuela, Eng. Ghazal pointed out that the reconstruction is a large national project that includes short, medium and long-term priority projects the green sector of the alternative energy projects and waste recycling in addition to strategic projects and infrastructure projects.

“The delegation’s visit is a step towards strengthening the economic relations between the two countries and an opportunity to present projects to investors and promote the involvement of Syrian expatriates in the reconstruction of Syria,” Eng. Ghazal said.

For his part, Venezuelan Ambassador in Damascus, Imad Sa’eb, referred to his country’s readiness to carry out any effort to help Syria in this crisis, pointing to the formation of a joint committee to follow up the investment projects, their nature, and the mechanism of communication between the SIA and investors.

He said that the meeting is a real opportunity for businesspersons and the private sector of Venezuela to brief on the basic needs and investment opportunities that would benefit the Syrian people and enhance their steadfastness in the face of terrorist attacks.

For his part, President of FIA Arab in Venezuela Adel al –Zgheir, who is a member of the Venezuelan Parliament, explained that the aim of the visit is to brief on the needs of the Syrian investment market and how to provide aid and transfer these needs to the Arab community in Venezuela. He pointed out the willingness of the community to provide all the assistance that enhances the steadfastness of the Syrian people.

For their part, the members of the delegation stressed that they would be the bridge that links between Syria, Syrian expatriates and Arabs. The members inquired in their interventions on the projects needed by the Syrian people in the short, medium and long term and the mechanism which the Syrian government puts for investment and available projects for small investors and how to help in the reconstruction and to benefit from the Venezuelan experience in this area.

The members of the delegation called for activating the economic and trade agreements signed between the two countries, to facilitate investment opportunities and encourage investors.

The delegation included a group of government officials, investors, activists, journalists and businessmen.

Sharif al -Khatib