Nexant, a UK-based consultancy, will conduct a technical and feasibility study for the development of a phosphate-based fertilizer project on behalf of the Syrian-Qatari Holding Company (SQHC).
The Syrian government has set minimum prices on a large list of imported manufactured products in a move aimed at protecting local industry.
SIAMCO has expanded its car plant located in Adra, outside Damascus, to allow it to paint and assemble the body of its cars.
Hempel, the global paints manufacturer, has commissioned a SYP 500 million (USD 10.6 million) plant in the industrial city of Hessia, near Homs.
The turnover of the General Organization of Tobacco, one of the largest firms in Syria, reached SYP 25.64 billion in 2008, an annual increase of 5 percent.
The Ministry of Finance will disburse this year some SYP 937 million from the Government’s Central Budget to pay the salary of workers in 14 loss-making state-owned firms.
Hamisho Economic Group will begin production in its new car assembly plant in the last quarter of 2009, according to Imad Hamisho, Chairman of the Group.
Arabian World Cement Factory Co. will begin construction works on its USD 500 million cement plant north of Damascus before the end of this month.
The world financial and economic crisis have led to a sharp decline in the demand for Syrian phosphates, according to the Minister of Petroleum and Mineral Resources, Sufian Al-Allao.
The Syria Government has decided to close down several state-owned industrial firms and offer the land they use for the development of tourist projects.
The Italian Trade Commission is organizing a trip to SIMAC & Tanning Tech, two fairs dedicated to the leather industry, for a Syrian delegation.
Kouefati, one of Syria’s largest garments manufacturing companies, has gone bankrupt and its owners have left the country.
The Syrian-Kuwaiti Al-Jaz Group will build five plants in Deir-ez-Zor Industrial City (DZIC) at a total cost of SYP 490 million.
ElSewedy Electric is building a USD 5 million factory in Adra Industrial City to produce counter metres for the local and export markets.
Al Badia Cement’s Initial Public Offer was oversubscribed by 171 percent according to a press statement from the company.
Dama Rose Hotel
Damascus International Fairground