Syria, Iraq discuss ways of boosting investment cooperation

Damascus, SANA- Director-General of the Syrian Investment Agency (SIA), Median Dyab, discussed with Chairman of Iraq’s National Investment Commission (NIC), Dr. Haider Makiya ways to enhance investment cooperation and activate agreements signed between the two sides.

During the meeting held in the Investment Agency building in Damascus, Dyab gave a presentation on Investment Law No. 18 and its amendments, the benefits and incentives granted to the investor, as well as tax and customs exemptions that it included.

Dyab underlined the need to develop an integrated plan to activate the bilateral memorandum of understanding that was signed in 2021 in a way that achieves the interest of the two countries by encouraging investment in sectors that add value to the Syrian and Iraqi economies.

In turn, Makiya noted the investment aspect between Syria and Iraq attaches special importance to the industry sectors of textile, glass and agriculture, in addition to communicating with businessmen and investors of both sides to draw features of an investment relationship that benefits both countries.

The Iraqi delegation’s visit to the Syrian Investment Agency is prat of the meetings of the 11th session of the joint Syrian-Iraqi committee, which kicked off at Dama Rose Hotel in Damascus, with the participation of representatives from the concerned bodies of both sides, and will last for two days.

Nisreen Othman/Shaza Qreima

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