New projects licensed by the Syrian investment council at 370 million Syrian pounds
Syria, Economics, 11/13/1999

The Syrian Higher Investment Council has, in its recent session, agreed to include five joint investment projects for Syrian, Arab and foreign investors at a value of 370 million Syrian pounds (US $7 million).

These projects are concentrated in the Syrian-Algerian project to manufacture metallic parts at a cost of 125 million SP, the Saudi project for textiles and spinning at 107 million Syrian pounds, the Syrian-Turkish project for producing black metal pipes at a cost of 105 million SP and the joint Syrian-Swiss project to produce electrical equipment at the communication stations at a cost of 28 million SP.

Moreover, the Higher Investment Council also agreed to include a project for fodder production and breeding cows for Saudi investors at a value of 4.5 million Syrian pounds.

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