Damascus-Sana
Median Diab, Director General of the Syrian Investment Authority, confirmed that foundations have been laid to simplify procedures and overcome obstacles for investors to accelerate the implementation of projects, with priority being given to the inclusion of agricultural and animal production projects, manufacturing and pharmaceutical industries that can provide local products under the conditions of the economic blockade imposed on our country.
In a statement to the SANA Economic Bulletin, Diab indicated to the constant endeavor to include projects that provide alternatives to imports, increase local production and move the wheel of the economy, so two projects for the manufacture of zeolite fertilizers and fodder were approved, starting with extracting the zeolite raw material available in the quarries of the General Organization of Geology and ending with manufacturing and packaging, with an annual production capacity of 130 thousand A ton of zeolitic fertilizers, 45 thousand tons of fodder and 50 thousand tons of soil conditioners, in addition to including a project for the production of agricultural pesticides in Damascus countryside, which will contribute to limiting import and securing farmers' needs with the best quality standards.
Diab pointed to the approval of the authority to include the project of extracting and manufacturing medicinal salt for medical purposes with the provisions of Legislative Decree No. 8 of 2007 so that it benefits from the exemptions, benefits and facilities contained therein and is subject to its provisions indicating that the project aims to secure the local need for pharmaceutical laboratories and dialysis requirements, achieve self-sufficiency and reduce dependence on Import with a production capacity of 11 thousand tons and a period of implementation of 36 months in Hassia Industrial City in Homs.
He added, within the framework of the import substitution program and based on the importance of the vital textile industries sector and employing the Syrian competitive advantages in this field to meet local needs, increase the rates of exports and provide more job opportunities, the Commission agreed to include the project of manufacturing carpets and automatic rugs of all kinds in the Damascus countryside governorate, the industrial city of Adra, at a cost. An estimated three billion Syrian pounds, with an annual production capacity of 13 million square meters.
Nadim Mualla
SANA Economic Bulletin