At a cost of about a trillion pounds.. 16 projects were granted an investment license according to the new investment law

Damascus-SANA

The Supreme Investment Council approved, during its meeting today, headed by Prime Minister Hussein Arnous, granting the necessary investment licenses for a project to manufacture plastic filaments and plastic fabric in Aleppo and two projects to establish laboratories to test alternative energy equipment.

The council decided to raise the minimum value of fixed assets to establish laboratories to test alternative energy equipment to 10 billion pounds instead of 5 billion pounds, in order to ensure quality and efficiency standards for the equipment.

The Council conducted a follow-up of the implementation stages of investment projects that obtained an investment license and the applications submitted for an investment license in accordance with the provisions of Law 18 of 2021. The number of projects that obtained an investment license under the law amounted to 16 projects with an estimated cost of about one trillion Syrian pounds and providing 1201 job opportunities, including 13 projects in the field of industry. and 3 in the field of renewable energy.

Engineer Arnous reiterated the emphasis on investing in cities and industrial areas, giving investors the necessary facilities to invest in them, and not referring investment requests to spatial committees, except in the event that investment in cities and industrial areas is not possible for reasons that are precisely defined, pointing to the need for continuous follow-up of projects that have been granted investment licenses and coordination with the authorities. concerned to speed up putting them into service, which would provide more job opportunities, increase production and reduce prices.

The Council also approved the import of the Syrian Company for Transport and Tourism (formerly Karnak) 45 Pullman buses of different sizes, the expansion of the Karnak Beach project in Tartous Governorate to include 48 chalets, and the approval of a number of tourism development projects in the coastal region, which secure more job opportunities and contribute to the expansion and revival of popular tourism. .

The Council reviewed the stages of completing the investment map for 2022 prepared by the Syrian Investment Authority in accordance with the new investment law, with an emphasis on developing the map and providing data and indicators that support the investor’s decision to invest in a specific sector or governorate, calling on public authorities to provide the Authority with all data, information and investment opportunities. available to it and its specialized areas to be put on the investment map.

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