Damascus, SANA-The Ministry of Economy and Industry has approved a new investment system for Syria’s industrial cities, aiming to enhance the investment environment, attract local and foreign capital, and promote technology transfer.
Minister Mohammad Nedal al-Shaar signed the new system that focuses on boosting local value-added industries—including assembly, heavy, transformative, and electronic industries—while creating job opportunities and improving competitiveness in domestic and foreign markets.
The Minister stressed that the system is in line with reconstruction efforts and provides “flexible and attractive standards” to enhance regional competition and attract international partnerships.
Investors gain land use rights, building permits, and infrastructure access, with options to merge adjacent plots or add complementary industries under ministry approval, where land prices will be set annually in USD by an expert committee.
Reem Safi/Fedaa
