Cement News

A new cement factory linked to war profiteer Samer Foz was established in December with a capital of USD 416 million, becoming one of the largest private companies in the country. The Minister of Domestic Trade and Consumer Protection approved on December 13 the establishment of Modern Cement Public Joint Stock Company (PJSC), a cement manufacturer located in Rural Damascus.
President Bashar Al-Assad issued Law 11 of 2024 on March 13, merging the two state-owned textile organisations – the General Organisation for Cotton Ginning and Marketing and the General Organisation for Textile Industry – to establish the General Company for Textile Industry. The merger intends to cut costs, modernise management techniques and improve flexibility in production, contracting and trade operations.
The Autonomous Administration of North and East Syria region is facing widespread electricity, fuel and water shortages after Turkey’s recent airstrike campaign severely damaged 26 critical infrastructure sites, according to the North East Syria NGO Forum.
Syria’s public industrial sector is undergoing structural shifts, with several mergers under study by the government. On January 6, two entities were merged under a new General Company for the Manufacture and Marketing of Cement and Building Materials. In 2023, all institutions and affiliated entities of the Ministry of Industry recorded sales of SYP 2.772 trillion, pre-tax profits of SYP 350 billion and after-tax profits of SYP 250 billion.
Initial figures appear to indicate that Syria’s cement market, a proxy for construction activity, will contract again this year, despite the earthquake-related reconstruction needs and the investment that was expected after the Arab rapprochement with Damascus.
President Bashar Al-Assad’s handshake with Chinese leader Xi Jinping on September 22 marks a significant step in Syria’s reintegration into the global diplomatic sphere. Despite much fanfare, however, it is unlikely that promises by China's foreign minister Wang Yi’s “to take ties to a new level” will materialise into investments in Syria’s cash-strapped economy, given the recent decrease in China’s footprint in the country and Syria’s distressed business environment.
The Syrian government has licensed two Saudi-owned companies to invest in Syria’s phosphate, fertiliser, and cement sectors, a rare instance of Saudi investments in the country since the 2011 conflict began. The decision is also a notable development given that, until now, Damascus has largely reserved the phosphate and fertiliser sectors to its traditional allies. 
Ahead of the Turkish elections, one of the key areas of concern remains the future of Ankara's policy towards Syria and Syrian refugees. As Turkey continues to navigate the complexities of the Syrian conflict, it is important to understand how the election results may shape its approach towards its neighbouring country.
The European Union (E.U.) General Court recently annulled Syrian businessman Nizar Assaad's sanctions listing on the grounds that the E.U. Council erred in its assessment of his role in the Syrian business landscape and ties to the ruling Assad family. 
Lebanon’s exports to Syria increased by 290 percent last year, according to the Lebanese Customs Authorities. Curiously, one commodity, polyethylene, made up 74 percent of Lebanon’s exports to Syria last year, surging by nearly 30,000 percent year-on-year despite accounting for lower volumes.
To further cement its governance, the Syrian Salvation Government, the political arm of the Islamist Hayat Tahrir Al-Sham, has begun issuing compulsory identification cards for residents in areas under its control. The cards are required to receive essential services and to conduct any transaction.