Homs-Sana
The new Investment Law No. 18 of 2021 provides an investment environment for sustainable development projects in Syria and a factor that attracts foreign investment, in addition to activating local investment, which contributes to the establishment of successful projects with lower financial and operational costs, and thus lower prices of materials produced for the benefit of consumers, according to a number of investors and industrialists in Homs.
Labib Al-Ikhwan, head of the Homs Chamber of Industry, told SANA reporter: “The chamber issued a detailed explanatory memorandum that includes the advantages and exemptions included in the law to introduce investors and industrialists to the new investment environment,” adding: The law was awaited by businessmen and investors in the sectors of industry, agriculture, tourism and power generation.
The Brotherhood believes that the law came in response to the conditions of the reconstruction phase and the reintroduction of production and guarantees the rights of investors not to reserve custody except by virtue of a court ruling. He said: “What concerns us as investors and one of the priorities of our country now is to focus on electric power generation projects, then agriculture and agricultural industries, and here lies the role of the Syrian Investment Authority “.
The industrialist, Nabil Al-Qusair, director of Medico Pharmaceutical Industries, explains that the general atmosphere of Law 18 provides facilities and attracts capital abroad to invest it locally within a package of tax facilities that reach for years, which creates a real investment environment and sustainable development for many industries that revolve around alternatives to import substitution, which saves a lot. on the state treasury.
Dr. Bassam Al-Mansour, director of the industrial city in Hasya, points out that the new law is a qualitative leap in the economic history of Syria and came as a result of diligent and comprehensive work from the government, various relevant authorities and ministries, the Federation of Chambers of Industry, Commerce and Tourism, managers of industrial cities and the Investment Authority, and taking his full right to see global investment systems Which promises a great role in attracting friendly national and foreign investments in all fields.
Industrialist and investor Issam Tizini believes that Law 18 meets the needs of investors in terms of facilities, but the financial policy must be improved. The investor needs laws that allow him to freely trade and transfer funds within the Syrian market, especially at this stage.
all good
