Homs - Sana
Hessia Industrial City is witnessing a real renaissance with the entry of new facilities in the investment at the beginning of this year, where a factory for refining and producing white sugar with a capacity of one million tons annually will soon open to secure the country's need and the surplus for export.
Dr. Bassam Al-Mansour, Director of the City, stated in a statement to the SANA Economic Bulletin that with the beginning of this year, seven new investors entered, some of whom benefited from the government decision to replace local industries as alternatives to imports, to exceed the total number of investors in Hassia 888 investors, 277 of whom started their facilities with actual production and the rest is under processing and construction. And the installation of machines, indicating that the volume of investment in Hassia, up to its date, amounted to 250 billion Syrian pounds, according to the old prices.
For his part, Eng. Medin Saleh, General Director of a new company for the refining and production of sugar in Hassia, said that the facility is in the process of production experiments for the factory, whether for motors, machines, the power station or the production department, and it is expected to start production at the end of the current month with the arrival of the necessary raw materials, indicating that the production capacity The amount of one million tons annually suffices the need of the country and the surplus for export, and the size of the company's capital is 350 million dollars. The company also provides about 400 job opportunities. The industrial city in Hassia achieved revenues during the past year, whose value exceeded 3.5 billion Syrian pounds, while the number of investors increased significantly with the entry of 18 new investors last year. While the percentage of the area sold to industrial divisions has reached more than 63 percent since the launch in 2004.
Okay El Hassan
SANA Economic Bulletin