SIA, RPC Reactivate Cooperation

DAMASCUS, (ST) – The Syrian Investment Agency (SIA) and the Regional Planning Commission (RPC) on Sunday signed a memorandum of understanding to reactivate cooperation.

According to the memo, the two sides will exchange information, data and expertise, qualify necessary technical cadre and implement the state’s development strategy through directing private and public sectors investment in accordance with a plan aiming to support and enhance partnership between research and planning parties on the one hand and administrative bodies in Syria on the other.

Hala Ghazal, the SIA Director, who highlighted previous successful cooperation with the Planning Commission, said that it is important to have strategic partners in work to achieve integrated results regarding the investment map, stressing that this will help investors choose suitable sites to implement their projects.

For his part, Director of the RPC Arfan Ali said investment needs support and motivation, pointing out that the memo aims at laying the foundation of a joint project between the two commissions to achieve an electronic gate that frames the main features on which investors are to depend to be given the motivations connected with the investment places. He indicated the need to direct investment towards different sectors particularly during the current circumstances in Syria.

The memo helps drawing up a map that contributes to directing investment place motivations based on the availability of resources and elements of development.  

The RPC, according to the memo, is to provide training to cadres from both sides on geographic data system, while the SIA is to organize training workshops on investment and promotion concepts and on the laws which control investment in Syria.

The memo is a framework for cooperation and a reference to all the activities to be implemented based on an agreement between the two sides.

H. Mustafa