The Damascus Governorate is to award a contract to Emirati investors for the development of a large hospitality and commercial project in Damascus, one of few large projects by private investors recently announced in Syria.
Syria’s main stock index closed at 1,023.18 on July 24 recording a week-to-week increase after falling at one point below the 1,000 mark for the first time since its launch in early 2010.
The Deir-ez-Zor Chamber of Commerce and Industry has blamed the government’s security services for the “unjustified use of arms and the brutal crackdown on protesters” in one of many signs of growing unease in the business community over the mishandling by the authorities of the revolt gripping the country.
An estimated 1.2 million protestors took to the streets across Syria on Friday July 22 - the largest turnout ever since the unrest began on March 15. Earlier in the week in a significant diplomatic blow, the Embassy of Qatar in Damascus closed and its Ambassador abandoned his post. Meanwhile, the heavy crackdown against the opposition in Homs continued throughout the week.
The main index of Syria’s stock market fell for the first time below its launch level of 1,000 as the political situation continues to deteriorate.
The Public Establishment for Electricity Generation and Transmission is seeking a consultancy to oversee the design and execution of a steam power plant near Aleppo.
The inconclusive finish of the staging meetings of the government-led national dialogue, followed by attacks against the US and French embassies in Damascus on July 11, kicked off another tumultuous week in Syria.
Korea’s LS Industrial Systems has begun supplying ten substations across six locations in Syria on an EPC basis.
Book of conditions to be purchased from company (EUR 1,000)
Iron scrap smelting for the production of billets
Manufacturing iron bars through the hot rolling process
Manufacturing of PET and plastic bottle caps; general trading
Manufacturing of pharmaceuticals
Hundreds of thousands of protestors again took to the streets of Hama on Friday July 8, with some suggesting that the city's demonstrators numbered nearly half a million.
On July 10, the Syrian President named a new governor in Hama, Anas AbdulRazzak Naem, in place of former governor Khaled AbdulAziz.
Book of conditions to be purchased from company (SYP 1,500)
The week of June 27 marked a sea change for the Syrian protest movement. At the start of the week, 190 opposition members met for the first time in public in Damascus. In response to the meeting, Syrian President Bashar al-Assad set July 10, 2011 as the start date for national dialogue.
On June 20, President Bashar al-Assad made an address to the nation that highlighted the severity of the country's economic crisis and blamed recent unrest on conspirators.
The Syrian President issued last week a decree establishing two new faculties of science to be located in the southern Governorates of Daraa and Quneitra.
Book of conditions to be purchased from company (EUR 500)
After-prayers protests on Friday June 17 resulted in the deaths of an estimated 24 as pressure on the Syrian government from the US and the European Union continues to increase.
Over 30 people died in unrest across the country on Friday June 10, with an estimated 25 of those fatalities occurring in the northern city of Jisr al-Shughour.
Trading and contracting
Syria’s General Organization for Sugar, or GOFS, said its five refineries will produce 280,000 tons of sugar this year.
Gamesa of Spain has postponed indefinitely negotiations with the Syrian Government over the development of the country’s first wind-power plant, according to Bloomberg.
Extreme violence on Friday June 3 during after prayers protestors resulted in the deaths of at least 63. The worst of the unrest occurred in Hama, where over forty were reportedly killed.
An estimated 12 people died in unrest on Friday May 27, while harsh criticisms and strong calls for reform from neighboring Turkey have yet to hold sway with the Syrian government, and the international community continues in its struggle to come to a firm consensus on the most appropriate response to the turmoil in Syria.
The Hassia Industrial City of tender has issued a tender for the conduct of the urban and infrastructure design of a residential compound that will host people working in it.
After two weeks of comparative calm amid weeks of acute turmoil, Friday saw a resurgence of extreme violence with the death-toll from the day's after-prayers protests reportedly reaching as high as 44.
Another week of protests across Syria has ended with hopes of less violent future demonstrations and promises by the government to launch a national dialogue in an effort to find a solution to the stalemate.
Biogest, a German company specialised in water treatment solutions, has begun construction works on the water treatment plant of the Hessia Industrial City.
Conflicting narratives abound in Syria, as the government and those participating in the unrest across the country endeavor to shape how Syrians and the outside world interpret the country's tumult.
Syria’s General Company for Mills has awarded a EUR 53.5 million contract for the construction of four new flour mills.
Syria refined 3.029 million tons of oil products in the first quarter of this year, an increase of 3.84 percent from planned levels, the Ministry of Petroleum said.
There has been a marked decline in unrest across Syria over the course of the last week. The precise reason for this remains unclear - as does the outlook for the protest movement itself.
Syria’s oil subsidy bill, one of the main expense items for the government, reached SYP 49 billion in the first quarter of this year, or around USD 1 billion, according to government statistics.
Syria’s production of crude oil stood at 387,000 barrels of oil a day in the first quarter of this year, an increase of 4,000 bpd compared to the same period of 2010, according to the Ministry of Petroleum.
The French Ministry of Foreign Affairs has asked its citizens whose presence in Syria is not indispensable, to leave the country.
The Ministry of Housing and Construction said that it planned to invest more than SYP 90 billion, or USD 1.9 billion, in the construction of sewage treatment plants in the coming five years.