Some SP 300 Million Free Zones Revenues

DAMASCUS, (ST)- Revenues of free zones reached more than 300 million Syrian Pounds during the first half of the current year as the invested total capital reached 49 billion SP, while the number of investors reached 3100 and about 1155 work contracts.

Director General of the General Establishment for Free Zones, Mohammed Katkout, said that the number of foreign companies that are investing in the area reached 78 with a capital up to 7 billion SP, while the number of workers in the investment facilities reached 6811 workers.

Mr. Katkout stated in a statement that the investment map has been adopted for the branches of the institution including the available spaces in the branches and could be put in investment and investment activities to be established, so they can be found on the website of the institution.

Mr. Katkout revealed that a number of administrative contracts were signed with the General Establishment for Storage and Marketing in Lattakia in order to store food. Currently coordination is conducted with the branches of the institution and the concerned authorities to carry out maintenance and repair of some branches of the institution which were exposed to acts of sabotage in addition to the establishment of training courses for a number of workers in the institution in the field of organizing contracts and marketing.

 He pointed out that it has been communicated to the Union of Arab Exporters to the draft protocol of cooperation in the framework of preparations for final signature.

Mr. Katkout said that the institution  continues to provide services to investors of facilities and exemptions that will maintain these facilities and their work and provide the right conditions for business and investment.

Sharif  Al -Khatib