We receive dozens of applications daily, mostly from Syrian, Turkish, European and Arabian Gulf countries companies expressing their interest in establishing projects, the official revealed in statements released by the official SANA news agency.

He explained that the proposed investments cover the construction of hospitals, wind power plants and real estate development.

Foreign entrepreneurs and businessmen complain that it is difficult and almost impossible to invest as long as the Syrian banking sector remains under Western sanctions, he said.

These investors add that coming to Syria with millions of euros in their pockets is not the way to make investments and do business in today’s world.

Hamuyeh considered the measures taken that ease sanctions insufficient, and indicated that everyone has an interest in having transactions and business go through a supervised and transparent banking system rather than going through informal transfer networks. The Syrian Foreign Ministry had said in a statement, that the partial suspension of European sanctions imposed on key sectors is a positive step that Damascus warmly welcomes, but called for their full lifting.

The Syrian people deserve a real opportunity to determine their own future and this can only be achieved by suspending the remaining punitive measures, which already lead to counterproductive results that harm our people, the Foreign Ministry said.

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