With an estimated investment cost of 43.7 billion... Granting an investment license for a new project in As-Suwayda

Damascus - As-Suwayda - Sana

The Syrian Investment Authority granted an investment license for a project to manufacture and produce bottles and various glass containers in the Umm al-Zaytoun area in As-Suwayda Governorate, according to the new investment law, at an estimated investment cost of 43.7 billion Syrian pounds.

And in a statement to Sana Bayn, director of the Syrian Investment Authority, Madian Diab, that the production capacity of the project amounts to 4715 tons annually of glass bottles of various kinds, to meet the needs of the local market and part of the need for external export, and it is expected to provide 56 job opportunities.

Diab pointed out the importance of the project as it is within the chemical industries sector and secures the food and pharmaceutical industries' need of glass bottles and bottles, which are healthier than plastic, in addition to its reliance in production on local materials (sand).

For her part, the director of the As-Suwayda branch of the Syrian Investment Authority, Jihan Al-Awam, indicated that the project is the second that has been granted an investment license in As-Suwayda governorate since the beginning of this year. A sure business opportunity that provides all the necessary facilities to investors.

It is noteworthy that the number of projects granted investment licenses according to the new investment law was 25 projects at an estimated cost of 1.252 trillion Syrian pounds, providing about 2,048 job opportunities in the governorates of Damascus countryside, Hama, Lattakia, Homs, Aleppo and As-Suwayda.

The new Investment Law No. 18 was issued in May last year with the aim of creating a competitive investment environment to attract capital, benefit from expertise and various disciplines, expand the production base, increase job opportunities, and raise economic growth rates, which will positively reflect on the increase in national income, leading to comprehensive and sustainable development.

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