An Egyptian official has said that his government is planning to establish an industrial zone dedicated to Syrian investors, potentially dashing any hope of a return of these investors to their home country.
While a Syrian company announced last week the beginning of production and sale of two new cars assembled locally, the Government still struggles to attract back manufacturers.
The number of manufacturing companies and craft projects established in the first three quarters of this year is already higher than the average of the past four years an official report has found.
Syria’s manufacturing sector has been seriously battered by the war as a recent event held in Damascus pointed out.
The Ministry of Industry has provided a new estimate of the losses incurred by the state-owned manufacturing sector based on the replacement cost.
The attack last week of two large industrial concerns near Damascus highlights the persistent lack of security for people and businesses in areas only a few kilometres away from the Syrian capital.
Only 10 percent of Aleppo’s factories and plants are still operating, according to data from the Ministry of Industry.
The combined losses of Syria’s manufacturing sector stood at SYP 1 trillion at the end of 2015, according to the Minister of Industry.
The Syrian Metals and Steel Council was established last week with the aim of lobbying for a sector that will benefit from any reconstruction drive.
The full text in Arabic of Decision 3592 establishing the Syrian Metals and Steel Council on December 13, 2015.
The Ministry of Industry has revised upwards again the value of the losses incurred by its companies.
The Ministry of Industry is seeking to impose a ban on a Dutch company for failing to meet its contractual obligations.
A security clearance is required for the sale of any factory or manufacturing concern, the Syrian Ministry of Industry has confirmed.
The Ministry of Industry has provided a new estimate for the value of the destruction of the industrial public sector.
Syrian manufacturers who relocated abroad are banned from exporting their products back to Syria, according to Humam Al-Jazairi, the Minister of Economy.
Bank Credit Guarantees
Damascus Chamber of Commerce
2nd International Finance Markets Investment Forum 2011
Sheraton Hotel Aleppo