Arab Funds are ready to invest in Syria

Syria's Minister of Finance Mohammed Al-Hussein on Thursday announced Arab Funds heads willingness to invest in ambitious projects of development taking place in Syria.

"all Arab and Kuwaiti economic and investment activities that are taking part at the Joint Annual Meetings of Arab Financial Boards have expressed this inclination of investing in Syria, particularly after laws and rules modification. This is to surmount obstacles confronting Syrian and Arab investors as well as foreign ones," the Minister said in a statement.

He noted that a number of decisions were taken, atop of which was the one to mandate investment offices in Syrian governorates to provide licenses in less than one-week time.

For his side, Minister of Economy Ghassan Refaee said during the meetings he discussed projects that have been executed in Syria which are financed by these funds and the follow-up of their implementation in "a way that serves the economic development we are witnessing."