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.
Roots Steel, a newly established joint-venture between Construction Products Holding Company and Arabian Roots, is setting-up in Syria a plant for the production of pre-engineered steel structure buildings.
Pharaon Commercial Investment Group Limited (PCIG) of Saudi Arabia has been awarded the contract to upgrade the state-owned cement plant in Tartous.
State-owned industrial firms posted combined profits of SYP 9.9 billion (USD 215.2 million) in 2007, from SYP 12.4 billion a year earlier.
Al Badia Cement is raising SYP 1.8 billion through an Initial Public Offer to be held between July 3rd and August 1st.
Raqqa Cement Company, Syria's first privately-owned cement plant, will start production before the end of this year.
GECOPHAM will launch a tender by mid-July to build a phosphate washing plant with an annual capacity of 1.2 million tons in the region of Palmyra, according to Farhan Al-Muhsin, Director-General.
ElSewedy Cables will increase the volume of its investments in Syria by USD 600 million before the end of this year, according to Ziad Al-Ghazali, general manager of El Sewedy-Syria.