In Damascus, President Bashar al-Assad chaired a focused government meeting on Saturday to deliberate on strategies for nurturing and expanding small businesses, which are pivotal to the global economy due to their significant impact on living standards and the productivity of the workforce engaged in these ventures.
The Syrian government has long championed small enterprises as the backbone of the nation’s economy. Despite these efforts, the lack of robust administrative frameworks has hindered achieving the intended comprehensive ecosystem necessary for the development, management, and structural needs of these ventures.
President Assad highlighted the importance of revising and improving the organizational structures of the institutions and agencies responsible for investment, as well as small and micro-enterprises. This restructuring is aimed at facilitating the implementation of policies that support the inception, growth, and development of small businesses. The vision extends to enabling these enterprises to evolve into medium and larger entities, thereby revitalizing the Syrian economy.
This article was translated and edited by The Syrian Observer. The Syrian Observer has not verified the content of this story. Responsibility for the information and views set out in this article lies entirely with the author.
