The Syrian-Emirati private sector forum, which was held today at the Four Seasons Hotel in Damascus, coincided with the 61st session of the Damascus International Fair on ways to enhance economic relations between the two countries and investment opportunities in all sectors in Syria and its comparative advantages and investment climate and economic work environment.
Vice President of the Federation of UAE Chambers of Commerce and Industry and Chairman of Sharjah Chamber of Commerce and Industry Abdullah Sultan Al Owais confirmed the presence of a great desire among Emirati businessmen to work in Syria and establish projects in all fields either independently or through partnerships with businessmen pointing out what Damascus International Fair represents The participation of the UAE in the window and an important station to enhance the opportunities of economic and trade cooperation between the two countries.
For his part, Secretary General of the Federation of UAE Chambers of Commerce and Industry Humaid Mohammed Bin Salem pointed out the necessity of cooperation between businessmen in both countries in order to develop the volume of trade and take advantage of the investment opportunities available in various sectors in Syria and overcome obstacles and provide facilities.
In turn, Chairman of Fujairah Chamber of Commerce and Industry Khalifa Al Kaabi pointed out the great desire of Emirati businessmen to work in Syria and participate in the rehabilitation of the productive and service sectors.
A number of UAE businessmen asked for clarification on investment opportunities in the sectors of industry, tourism, agriculture and services, in addition to the energy sector and the procedures and facilities available for each sector.
For his part, President of the Federation of Syrian Chambers of Commerce Mohammad Ghassan Al-Qalaa stressed the importance of this forum in highlighting investment opportunities in various fields in Syria and holding working meetings between Syrian and Emirati businessmen to reach agreements that result in establishing joint projects benefiting both countries' economies. Syrian - UAE Joint Business.
President of the Federation of Syrian Chambers of Industry Eng. Fares Al-Shihabi talked about the existence of many investment opportunities in the industrial sector, whose facilities have been vandalized, stolen and looted because of terrorism, noting that there are about 50 thousand facilities need rehabilitation after 80 thousand establishments returned to work out of 130 thousand It was up and running in 2011, pointing out that most of these facilities are profitable and have good infrastructure in cities and industrial areas and there is a good investment climate and environment and indicating a good economic rent from investment in the renewable energy sector, especially PV.
In turn, President of the Union of Syrian Chambers of Agriculture Mohammad Kashto pointed out that agricultural exports constitute more than half of Syrian exports, which makes the agricultural sector of the most important economic sectors that can be invested in the presence of large agricultural areas can be invested and a great diversity of agricultural products, pointing out that the investment law in its form The new, which will be issued soon includes a lot of guarantees, facilities and exemptions for all investors.
President of Damascus Chamber of Industry and Countryside Samer Al-Debs stressed the importance of the forum, which comes as a continuation of the previous forum in the UAE between businessmen of the two countries to enhance and develop cooperation, calling for speeding up the approval of providing facilities for Syrian businessmen to enter the UAE.
For his part, the President of Damascus Chamber of Commerce, Wassim Al-Qattan, pointed to the great investment opportunities in the tourism and real estate sector in Syria from Maruta City in Damascus and real estate development areas in various governorates and with the presence of many tourist establishments that need rehabilitation in the light of environmental diversity and encouraging climate.