Tracking the reality of the implementation of investment projects at the meeting of the Supreme Investment Council headed by Eng. Arnous

Damascus-SANA

The Supreme Investment Council, during its periodic meeting today, headed by the Prime Minister, Engineer Hussein Arnous, conducted a follow-up to the reality of the implementation of projects that were granted the investment license in accordance with Investment Law No. 18 of 2021, stressing the continuation of providing facilities to complete these projects and putting them into actual production on time.

These projects are mainly concentrated in the food industries sector with 10 projects, the chemical industries 8, the metallurgical 5, the electricity and energy industries 4, the pharmaceutical industries 3, the non-metallic industries and building materials 2 in addition to one project in each of the tourism and services sectors, the wood industry and its products, paper industries and textile industries.

Engineer Arnous stressed that production is a top priority for government work, stressing the importance of continuous follow-up to the implementation stages of each project on the ground and overcoming any obstacles to putting it into production within the specified time periods. Creating urban development in the areas close to the industrial cities in a way that secures the workforce and achieves sustainable and balanced development.

The Director General of the Syrian Investment Authority, Madian Diab, reviewed the reality of the implementation of the projects that were granted investment licenses under the new investment law, which amounted to 37 projects with a value of one trillion and 427 billion Syrian pounds, providing 3534 job opportunities, explaining that 5 projects started actual production, 4 projects completed the supply of machinery, equipment and equipment, and 3 projects It started contracting to import machinery and equipment, in addition to 3 projects studying offers for importing production lines, and 5 projects in the process of starting infrastructure works.

The projects that started with actual production included a project for the production of oils, ghee and vegetable butter in Hama, a project for the production of solvents and raw materials for pesticides and paints in Damascus countryside, a project for the production of sanitary materials and paper tissues in the industrial city of Adra, a project to establish a laboratory to test renewable energy equipment in Damascus countryside, in addition to a project to produce bags Mobilization in Aleppo, which started the trial operation phase.

The Council also returned to the Investment Authority a number of investment projects submitted for further study and scrutiny in light of the priorities and economic feasibility at the national level.

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