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Market Background of Syria

Updated:2012-10-31 14:06:41
Syria is now witnessing a lot of huge economic developments, all due to the government directions which stress the importance of supporting and directing the Syrian economy, through the implementation of new technologies that help activating trade and industry and attracting investors, especially that Syria now enjoys a number of important features that help increasing the volume of investment, these are:
?  The political, economic and social stability.
?  The advanced harbors on the Mediterranean sea and international airports.
?  The trained and skillful staff available at competitive prices leading to a drop in the production cost.  
?  The variant Syrian economic infrastructure (industry, agriculture, energy, tourism and services).
?  Decrease in the price of services (electricity, water, lands, and transportation).
?  Start in building stock and financial markets that introduce all modern financial services.  
?  Consolidating the commercial relations and the chances of investment and business with a number of Asian, African and European countries.
Signing the European Associations Agreement.  
?  The protocols and agreements signed with the Arabic countries, and applying these agreements in the Arab trade free zone.
?  Strong governmental support for encouraging the investment and the initiatives of the private sector.
?  The Syrian government has taken in the past ten years major steps to encourage the investment and gave the investors facilities and many other merits that contributed to raising the volume of investments in the private sector to ten folds over the past time. The Law No. \10\ of the year \1991\ and its amendments is the most important achievement in this domain, in addition to the Law No. \7\ of the year \2000.  
?  The establishment of three industrial zones equipped with all kinds of services (social, educational, academic, entertainment, professional), and the independent administrative centers (free zones, harbors, customs centers) distributed among the following areas:
A- The southern zone (Damascus, Adra), with an area of \7000\ hectares.  
B- The middle zone (Homs, Hasya) with an area of \12500\ hectares and a cost of almost 2 milliard US dollars, investments volume is expected to reach almost 10 milliard US dollars.
C- The northern zone (Halab, Shiekh Najar) with an area of \4412\ hectares and investment volume is expected to reach 500 million US dollars.
Not of a less importance is the distinguished location that Syria enjoys in the Middle East inside the triangle of the three continents Asia, Africa and Europe.
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