Damascus-Sana
The Syrian Investment Authority announced today the incentives provided to support and stimulate investment in the agricultural sector and to encourage investors, especially expatriates, to establish agricultural investment projects.
In a statement to the representative of SANA, the Director General of the Authority, Median Diab, indicated that the authority that promotes and prepares the aforementioned incentives was able this year to achieve quantum leaps by including a large number of projects in the agricultural and industrial sectors, noting that it has become possible to obtain initial licenses for agricultural projects within a period of no time. Exceeding three days.
With regard to livestock projects such as poultry and farmhouses, Diab explained the possibility of these licensed projects providing agricultural electricity and diesel at subsidized prices, free curative and preventive vaccines, free artificial insemination service and feed cannons at encouraging prices, in addition to the necessary technical support and providing reproductive care for animals in case the investor desires to do so through the units. Indicative free of charge.
Diab emphasized that the incentives for all projects include the possibility of "allocating the investor to one of the real estate belonging to the state property in the governorates according to the project's specificity and the nature of the property at nominal prices and obtaining a loan through the interest rate support program for projects approved by the import substitution program."
According to Diab, the incentives provided for the projects of licensed seed multiplication centers included obtaining the final licenses required for these centers within a maximum period of 15 days at a nominal material cost not exceeding 3000 Syrian Pounds, and providing the necessary technical advice to the investor who obtained the required license for his project for free, indicating that the incentives for projects producing supplies Modern irrigation included providing the necessary technical advice to the investor who obtained the required license for his project, free of charge.
Diab also reviewed the most important agricultural investment projects offered to expatriate investors, namely, “the establishment of organic fertilizer plants from the remnants of pruning trees, pistachio husks, olive presses and poultry, the establishment of integrated breeding units for cows, calves fattening, centers for the collection and processing of milk and the production of its derivatives, poultry for the production of eggs and broilers, factories for the production of modern irrigation supplies and manufacturing Prepared fodder and propagation of municipal and improved vegetable seeds ”.
Diab pointed out that expatriate investors can set up renewable energy projects, centers for agricultural machinery needed for agriculture and agricultural land service and lease it to farmers, advanced and modern workshops for sorting, packaging and packaging agricultural products, and advanced companies to market agricultural products in foreign markets.
He indicated that the real estate properties of the state offered to expatriates to establish agricultural investment projects on them are represented by “four sites in the province of Sweida, 3 in the countryside of Damascus, 9 in Daraa governorate, 7 in Aleppo governorate, 8 in Deir al-Zor governorate, 3 in Lattakia, 3 in Hama, 2 in Tartous and 3 in Homs. “.
The Syrian Investment Authority recently announced the inclusion of 53 investment projects this year at an estimated cost of 1.3 trillion pounds. It is expected that 9377 job opportunities will be available upon full operation, as the industry sector acquired 68 percent of the included projects and agriculture 15 percent and the rest from different sectors.
Wasim Al-Adawi