The Syrian government has announced signing three contracts with private investors to rehabilitate large factories in the sugar and cement sectors. At least one of these involves a company owned by the powerful Katerji family.

The Syrian Investment Agency (SIA), a state-owned body that licenses and promotes large-scale investment projects in the country, has published a report showing a modest increase in investments in 2019.


The number of new manufacturers starting operations in Syria increased slightly last year, according to official data, but the growth rate was much lower than in 2019 due largely to the fallout of the coronavirus pandemic as well as ongoing fuel and electricity shortages and the deterioration of the Syrian pound.