Retail & Trade
Syria Duty Free, the company operating duty free shops on Syrian border ports, has been sold to unnamed Kuwaiti investors, the company said in a statement.
Ayyam Gallery, a Damascus-based art gallery and one of the largest in the Middle East, has announced that it is pulling out of the Egyptian market.
Zara, the global clothing retailer, opened its first store in central Damascus on March 30.
Bilateral trade between France and Syria rose to EUR 737 million or around USD 1 billion last year according to French statistics.The figure represents a 13 percent increase compared to 2009 (EUR 651 million).
Costa Coffee, a global chain of cafés, has closed most of its outlets in Damascus, citing operational losses.
A new Presidential decree, passed on December 1, has increased customs fees by 70 percent on cars with engine sizes above 3,000 CC, according to Al Watan, a local daily.
Smart Mart, a joint-venture between Syrian and Iraqi investors, is developing a number of supermarket stores in the region of Homs.
Homs Fairgrounds has issued a tender for the management of the new exhibition centre the company is developing in Syria’s third largest city.
Monoprix, a French supermarket chain, opened in first store in Syria on September 23.
Scabal, a European fabrics and luxury menswear manufacturer, is opening its first store in Damascus.
The Ministry of Economy has issued a decision obliging all importers of garments, shoes and home appliances to print their names on every item they import.
The Fast Moving Consumer Goods sector or FMCG is a booming sector in Syria, following the liberalization of foreign trade, the establishment of free trade areas with Arab countries and Turkey and the general decrease in customs tariffs on imports.
The city of Homs is expecting works on its first exhibition centre to finish by the beginning of 2011.
Segafredo Zanetti, an international coffee and coffee shop brand, has added two new outlets in Syria, the firsts outside Damascus.
Turkey and Syria have agreed to build a new crossing on their common border.
Damascus International Fairground
2nd International Finance Markets Investment Forum 2011
Sheraton Hotel Aleppo