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.
Al Badia Cement has signed a Memorandum of Understanding with China’s CBMI to build a cement plant in the area of Abu Al Shamat near Damascus.
Syria’s production of steel billets will reach 1.15 million tons in 2009, following the commissioning of two new plants.
The General Organization of Tobacco (GOT) has started the production of Lucky Strike cigarettes under license from British American Tobacco (BAT).
The Deir-ez-Zor Paper Mill posted sales of SYP 1.6 billion and profits of SYP 26 million in 2007, according to Ahmad Saied, General Manager of Vimpex Al-Nemsawia, the managing firm.
The General Organization for Cotton Ginning and Marketing (CGMO) posted after-tax profits of SYP 3.5 billion (USD 70 million) in 2007, according to its Director-General, Nazir Lababidi.
The Board Members of Al-Namaa, a subsidiary of the Daaboul Economic Group, have seen their assets seized by the Ministry of Finance.
The 2008 turnover of the General Organization of Tobacco (GOT) is expected to reach SYP 25.6 billion (USD 533 million), according to Salman Abbas, Deputy Director-General.
Food Expo 2011
Damascus International Fairground
The Green Economy
Damascus Chamber of Commerce