Qatar- Syria joint investment company

Syria's President Bashar al-Assad received Qatari Finance Minister Youssuf Mohammad Kamal on Monday. Al-Assad was briefed on the agreement signed today to establish a Qatari-Syrian holding investment company.

Kamal said it was necessary that all obstacles and difficulties to the implementation of this agreement will be removed so that it could play an active role in cementing joint investment and develop economic ties between the two states.

The agreement is for setting up a Syrian-Qatari $200-million-capital holding company to operate in the field of investment.

The Qatari minister said the new company would stimulate investment in Syria, adding he expected the size of its dealing would amount to nearly one billion dollars in various investment fields.

The minister expressed "admiration of the multi-sided richness in Syrian in terms of investment opportunities and promising prospects provided by the Syrian economy, particularly in the areas of industry and tourism."