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Syria witnesses increase in foreign investment (+Photo)

Damascus, Sep 3(Prensa Latina) Director General of the Syrian Investment Authority Nada Laika said today that the current year has witnessed a remarkable development in the number of foreign investment projects in this nation.

After registering a break in the indicators of attracting projects in 2023, four investments were licensed, bringing the total number to eight, since the enactment of the Investment Law in 2021, the CEO assured in statements quoted by Al-Watan daily.

She explained that the projects cover the mechanical, chemical industry, transportation and renewable energy power generation sectors. Four of these investments will soon enter the actual production phase and guarantee more than 350 jobs.

Laika considered that these indicators reflect a positive trend in the attraction of foreign capital thanks to the efforts of government agencies aimed at promoting the investment climate and simplifying their procedures.

The recent visits of delegations and businessmen to the headquarters of the Syrian Investment Authority reflect promising prospects and increases in these projects during the coming period, whether in terms of number, size, sector or activity, the head of the entity informed.

She clarified that the Investment Law does not distinguish in the treatment between a local and foreign investor, and both have equal rights and duties with the same guarantees.

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