Deir-ez-Zor (466)


Syria’s Minister of Petroleum has awarded a joint-venture of Total E&P and Petro-Canada an exploration license for Block 3 located in the northeast.


Syria’s sugar beet crop is estimated at 1.7 million tons, well above projections and last year’s output.


The Syrian Investment Agency (SIA) said that it had licensed 96 investment applications across the country in the first quarter of this year, a year-on-year decrease of 8.5 percent.


A Dutch Christian organization, IKV Pax Christi, has called on Royal Dutch Shell to suspend its activities in Syria and organized a demonstration at the company’s annual meeting.


Nasser al-Kharafi, the Chairman of the Kuwaiti Kharafi Group that has large interests in Syria, died in Egypt on April 17 of a heart attack.


Trade and manufacturing of packing and packaging materials, paper, bags, cardboard boxes   


Over the weekend, President Bashar al-Assad addressed the nation for the second time since the beginning of the unrest in mid-March. His speech highlighted the most significant demands of the country's protest movement and came on the heels of another week of turbulence in cities and villages across the country.


The Saudi Fund for Development will provide USD 100 million to part-finance the construction of 750MW Combined Cycle Plant in Deir-ez-Zor, according to the Ministry of Finance.


Book of conditions to be purchased from company (SYP 1,500)


Updated March 28th: Since the inception of unrest in Syria on March 15 2011, tensions here have shown few signs of cooling and indeed have been continually stoked by rising fatalities.


Syria’s sugar beet production in 2011 is expected to fall to 1.25 million tons after the government decided to reduce the planting area.


Unrests in the Middle East region spread to Syria last week leading to the deaths of at least five civilians and to condemnations from the United Nations, the United States and France.


Real Estate Development and Investment


Money transfer and postal services 


A recent survey by the Central Bureau of Statistics shows that the vast majority of people leaving in illegal housing areas in Syria benefit from the same services as those living in regulated zones.


Syrian households spent an average of SYP 30,826, or USD 655, a month in 2009, according to a recent survey by the Government.

The Central Bank of Syria has licensed one new money exchange bureau.

The Syrian Investment Agency awarded 400 investment licenses to projects across Syria in 2010, including more than half in the manufacturing sector, a figure well above the previous year’s number.

The management of the Industrial City of Adra, north of Damascus, is inviting local and international engineering companies to build and operate a gas distribution network in the city.
Syrian Railways has issued a tender for a study to operate dry ports in the country’s three main industrial cities of Adra, Hessia and Sheikh Najjar.
The Central Bank of Syria has licensed one new money exchange bureau, Al-Saado & Partner.

Demand for electricity rose 4.2 percent last year, according to Hisham Mashfej, head of PEEGT, the state-owned power utility.


Syria’s wheat crop crossed the 3 million ton mark this year according to statistics published recently by the Central Bureau of Statistics.


It rained and snowed across Syria on December 12, 13 and 14, leading to major traffic disruptions around Damascus but also bringing relief as the country feared it would face another year of drought.

The European Investment Bank is providing Syria with EUR 185 million in concessionary loans to fund projects in the health and water sectors.

Al-Ghab Sugar and Deir-ez-Zor Sugar, two state-owned sugar refineries, have issued tenders for the building of water treatment stations in their plants.


Naji Otri, Syria’s PM, inaugurated on November 28 the new 102 km motorway linking the two eastern cities of Deir-ez-Zor and Hassakeh.

The General Establishment of Geology and Mineral Resources has called in international companies to develop of a marble quarry and of asphalt deposits.


Syria's average production of crude oil stood at 387,357 barrels per day (bpd) in the first nine months of 2009, according to the Ministry of Petroleum.

A recent Presidential decree is expected to help increase the supply of real estate properties in Syria’s main cities by forcing land owners to build.

A consortium of Metka and Ansaldo has won a EUR 678 million EPC contract to build a 724 MW Combined Cycle Plant near Deir-ez-Zor.

The number of investment projects that were licensed by the Syrian Investment Agency in the first nine months of this year, or a year-on-year increase of 74 percent.

PEEGT, Syria’s electricity utility, has issued a tender for the provision of consultancy services for the construction of a power plant in Deir-ez-Zor.


The Central Bank of Syria has licensed two new money exchange bureaus.


Al-Furat University, the state-owned academic institution located in Syria’s eastern region, has added a new Agriculture Faculty.


The International Bank for Trade and Finance (IBTF), a local commercial bank, has issued a EUR 64 million bridge loan to part-finance a turnkey power project.

China National Petroleum Corporation has gained the approval of Chinese state authorities to buy 35 percent of Syria Shell Petroleum Development.

The Syrian Prime Minister has inaugurated a new irrigation project on the Euphrates as his Government promises to give more attention to the country’s eastern region.


The Syrian-Kuwaiti Al-Jaz Group, a company founded in 2007 with investment projects in the eastern and northern regions of the country, has gone bankrupt only a few months after it began operating.

The combined value of the investments in Syria's industrial cities reached SYP 441.7 billion at the end of the first half of this year or an annual increase of 70 percent.

Syria's average production of crude oil increased by around 3 percent in the first half of this year as new joint venture companies begun production.



The Central Bank of Syria has licensed a new money exchange company and five bureaus.