Investment Conference Kicks off in Damascus

It is hoped that the three day conference will entice much needed investment across a number of sectors writes SANA

The 2018 “Conference of Businessmen and Investors from Syria and the World” kicked off with the participation of businessmen from 23 Arab and foreign countries representing companies from various fields of industry, commerce and economics at the Palace of Conferences in Damascus.

The three-day conference is organized by the Syrian Investment Authority in cooperation with the International Investment Company and will highlight the investment opportunities in Syria and the mechanisms for mobilizing scientific energies, as well as financial and economic expertise in the construction process in Syria by activating the role of the private sector and foreign investors.

The General Director of the Syrian Investment Authority Madian Diab said that during the conference, the Authority will provide investment opportunities in various sectors of manufacturing and extraction, construction, electricity, transport and tourism.

In his speech, Lebanese Minister of Industry Hussein al-Hajj Hassan said that the reconstruction of Syria and the recovery of the economy is in the interest of the Arab world in general and Lebanon in particular, stressing the keenness of Lebanese businessmen to be partners in the reconstruction phase in Syria.

Head of Damascus and its Countryside Chamber of Industry Samer al-Debs said that synchronization of the local and foreign expertise will contribute to the development of strategic industries, such as the cement industry, fertilizers, automobiles, oil and petrochemical industries, energy and electricity.

Speaking to journalists, Minister of Economy and Foreign Trade Samer al-Khalil said that the Syrian economy began to recover, adding that in just a year about 20,000 industrial facilities have begun work again, indicating that Syria will turn into a major workshop in various fields to rehabilitate everything that was destroyed by terrorism.

SANA met with a number of businessmen and investors participating in the Conference, who stressed that the participating companies are looking forward to taking advantage of the promising investment opportunities in Syria. They noted that there are positive indicators in the investment market, especially related to public construction, oil and power stations, the operation of ports, airports and other means of transport.

 

This article was edited by The Syrian Observer. Responsibility for the information and views set out in this article lies entirely with the author.

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