Damascus, SANA-Public Works and Housing Ministry signed a memo of understanding with Russian Stroy Expert Company on cooperation in domain of public constructions and the implementation of housing projects.
The memo, which was signed on Sunday evening, aims at enhancing cooperation between the two sides in the domains of rapid construction technology, unified construction systems, and the strategies of implementing and rehabilitating public constructions, in addition to the strategies of planning, funding and implementing housing projects.
It also aims at improving the quality and the speed of performing the housing products and the real estate development and investment.
Throughout the memo, the two sides will support trade exchange in various domains, in addition to establishing strategic partnerships and encouraging communication between the contractors and contracting companies and those who are interested in the sector of construction and building.
Public Works and Housing Minister, Hussein Arnous, hoped that the memo will open the door for active cooperation between the two sides through exchanging expertise and information in a way that would contribute to upgrading relations between Syria and Russia to the level of the distinguished political relations.
For his part, Chairman of the Board of Directors of the Russian company expressed readiness to implement and finance housing projects, indicating that an executive team was formed for implementing the memo.