Investments in Syria hit sp 124 billion first half of 2005

A senior investment official announced on Tuesday that total investments in Syria during the first half of 2005 reached at SP 124 billion, where foreign capital contributed 23% of it, "a matter that reflects the increased confidence in the Syrian economy."

Director of the investment office at the council of ministers Mustafa al-Kafri called in a press conference on experts and interested persons in investments in Syria to take part at the industrial cities and their investment horizons that would be held in the 4th of next September on the margin of Damascus international fair to focus on promising investment opportunities and facilities that will be offered to tjose who are considering to invest there.

Director of the industrial cities Adnan al-Mouases expected the three already established industrial cities in Syria would pose as a developed industrial structure in the foreseen future.

"There are plans to build seven industrial cities according to the tenth five-year plan of development at governorates of Deir al-Zour, northeast, Hama, central Syria, Raqqa northeast, Hasaka northeast, Idlib northern west to contribute to the developing process in these cities," al-Mouases said.