Homs (842)

Syria is to set-up five relays of its Euro Info Correspondence Centre (EICC).
A Federation of Chambers of Industry is to be created following the passing of a Presidential decree in that sense on 20 July 2004.
The launch of SHERN is part of the development of the Syrian higher education sector that is now also encompassing state universities.
Gas production is taking an increasing role in Syria's energy policy. More gas reserves are found while the development of the Syrian part of the Arab Gas Pipeline has been Okayed.
Long-term commitment of TOTAL in Syria is in doubt after it fails to clinch the last significant development contract in the Syrian oil & gas industry.
Daaboul has built a major LAB plant in partnership with Saudi Arabia's Al Rajhi and financing from IFC. The project is one of the major private sector industrial ventures in the country.
The transport sector continues to witness significant investments. Air traffic is set to increase with new airports and growing capacity.
A new NGO, MAWRED has launched Syria's first business incubator dedicated to Syrian business women.

Foreign and local investors are going to build and operate the first private-sector sugar refinery in Syria.

The Prime Minister has named new heads for the General Organisation for Sugar (GOFS) and the General Organisation for Textile Industries (GOTI).
Syrianair has recently opened its fifth new office of the year in Sayyida Zeinab, in the outskirts of Damascus.

The priority given to the education sector is reflected by the opening of the first private universities in Syria's history. However, very high tuition fees remain an obstacle.


Syria's Ministry of Oil is planning to establish a polyethylene plant and soda caustic unit, affiliated to the Homs Refinery Company as a first step in the launch of a local petrochemical industry.

The long term aim is to reduce import of white sugar through the expansion of production capacity. Private investors have been allowed to enter the sector.
Four ventures have appeared as the front-runners for the award of a contract to develop the largest gas fields in Syria.

Syria's General Organization for Sugar (GOFS) has awarded a USD 71.4 million contract to Egypt's Sugar and Integrated Industries Company (SIIC) for the development and expansion of the Al-Ghab Sugar Company (AGSC).

The oil sector continues to make the headlines again as the award of two oil exploration contracts have been announced in the past month.
One of the most significant direct consequences of the landmark Law N°10, passed in 1991 to provide a more friendly environment to private sector investment, was the complete overhaul of the national transport sector.
Besides the discussions on the reform of Investment law N°10 which have been going on for several months now, the Syrian government has also been working on the set-up of new Hi-Tech economic areas.
Syria is to invest in its first major float glass factory in a joint-venture with an Iranian company.
After the award by Lebanon, of the contract to build the Lebanon side of the Syrian-Lebanese gas pipeline, Syria is expected to start pumping gas to its neighbour before the end of the year.
The upgrading and expansion of Homs refinery, the country's largest crude oil refinery, is expected to cost an estimated USD590 million, according to Ahmed Hammoud, Director-General.
The Syrian President, Bashar al-Assad, issued a decree on February 4, establishing the Syrian Gas Company (SGC).
Syria's Public Establishment for Electricity Generation and Transmission (PEEGT) has awarded a USD35 million contract for the construction of six new high-voltage power substations to ABB India, the Indian affiliate of Asea Brown Boveri, one of the lar...
Syria held in mid-December the largest oil and gas seminar it has organised in years.

The draft law amending Syria's investment framework has been published by Al-Baath, one of the three national state-owned dailies.

According to press reports from the Gulf, a number of new investors are entering into the capital of the Damascus Four Seasons Hotel.
Ibrahim Haddad, Syria's minister of oil and mineral resources, was early November in Cyprus to push forward Syria's bid to supply Cyprus with its energy needs.
The Syrian General Company for Phosphate and Mines has so far this year exported 1.5 million tons of phosphate worth 1.38 billion Syrian pounds (US$208 million), reported Zawya.
Syria launched on Friday 10 August its first tourism month, Syrian Festival 2002.

The Arab Fund for Economic and Social Development (AFESD) has extended to Syria two loans worth KWD14.5 million (USD48.3 million).


The Arab Fund for Economic and Social Development (AFESD) has extended to Syria two loans worth KWD14.5 million (USD48.3 million).


The Arab Fund for Economic and Social Development (AFESD) has extended to Syria two loans worth KWD14.5 million (USD48.3 million).

The Homs Chamber of Commerce and Industry has signed a cooperation agreement with the Chamber of Commerce of Kirkouk (Iraq).
The feasibility study for the building of a new pipeline carrying Iraqi oil through Syria has been completed, said Ibrahim Haddad, Syria's Minister of oil and mineral resources.
According to Teshreen, the capacity of Banias oil refinery will be raised to 9 million tons a year from the current 6 million within the five coming years.
The Syrian government is currently negotiating with the European Investment Bank to expand the country's refining capacity.
The first details on the requirements set by the Syrian Telecommunication Establishment (STE) to license ISP operators and Internet cafes have been revealed.
Access to the world wide web in Syria will soon be free of installation and subscription charges, said Mohammed al Munjid, communication minister.
The Syrian government is planning to build a new oil refinery in the eastern province of Deir el-Zor.
Syria and Lebanon plan to unify customs tariffs in three to five years, on all goods imported from abroad, thus establishing a free trade zone, said the secretary general of the Syrian-Lebanese higher council, Nasri Khuri, in an interview to Teshreen.
Syria produced 2.043 million tons of phosphate in 2001, exceeding the planned production by around 300,000 tons.