Syria seeks to attract more investors; Kuwaiti official
Syria-Kuwait, Economics, 4/15/2004

The Syrian government is on the look out to surmount all obstacles facing investors as to guarantee their investments and their growth. This would be done by laws, modern and updated legislations, Minister of Finance Mohammed Hussein said in Kuwait on Tuesday.

In a meeting with Syrian and Kuwaiti investors in Kuwait, the Minister clarified there were studies aimed at reconsidering the law number 10 for investment to boost positive sides to achieve the best climate of investment.

He noted to the economic openness phase that Syria is witnessing now in all domains of finance, administration, banking and industry. Hussein hailed the recent cooperation with public and private banks to serve investors and provide facilitations.

Syria has recently adopted measures to make investment licenses softer and opened some private banks besides government run ones.

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