The Syrian Investment Authority announced the launch of a new investment opportunity in the agricultural inputs sector for "production and milling of agricultural sulfur", securing local needs and self-sufficiency from this substance, and reducing dependence on imports.
The Director General of the Syrian Investment Authority, Median Diab, stated in a statement to the representative of SANA that this investment opportunity has been studied in cooperation with the Ministry of Agriculture and Agricultural Reform and includes the production and milling of agricultural sulfur in both inferential and soluble forms with a production capacity estimated at 2000 tons per year according to the Syrian standard specifications either in the industrial city of Hassia in the governorate Homs or the industrial city of Adra in the countryside of Damascus.
Diab pointed out that the aim of offering the aforementioned investment opportunity is to reduce costs on farmers, provide them with agricultural sulfur at reduced and thoughtful prices, and achieve efficiency in the local markets, especially since the raw materials for their production are available, indicating that other investment opportunities will be offered later in the agricultural sector to secure its various requirements.
Diab explained that this opportunity enjoys all the incentives and exemptions stipulated in Legislative Decree No. 8 of 2007 on the Investment Law, in addition to facilities related to securing the necessary approvals and licenses, providing the necessary infrastructure for them, and all the incentives for the import substitution program.
Diab called on those wishing to exploit the aforementioned opportunity to submit applications at the headquarters of the Syrian Investment Authority, located in Damascus.
It is noteworthy that agricultural sulfur is an essential and important substance for plant nutrition and an effective fight against fungal diseases that affect vegetables and fruits, as well as its role in protecting fruit trees from diseases.
Last month, the Syrian Investment Authority announced an investment opportunity in the manufacturing sector by investing zeolite from rocks at the Mkayalat reservoir, southeast of Damascus, which is available with large reserves of 160 million tons, to produce natural fertilizer for the soil.