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Syria passes investments worth over 500 million dollars

Damascus, Sep 11 (Prensa Latina) The Syrian Investment Council on Sunday announced the approval of licenses to 44 projects worth over million, offering 3,991 new job openings.

Tourism and services sectors, textile, pharmaceutical, food, chemical, electric and energy industries are among sectors providing major job openings, the Council of Ministers informed.

Prime Minister Hussein Arnous ordered to provide all facilities to complete these projects in order to support the production process, achieve sustainable development and to create more job openings.

In May, Syrian President Bashar Al-Assad signed a new investment law encouraging to establish infrastructures to contribute to the country´s economic development.

The new legislation shields foreign and local capital, and also provides an enabling setting for establishing investments and highly productive industrial projects.

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