Arab investors to launch $15 billions Syrian project

Mount Syria has given initial approval to a group of Syrian, Kuwaiti and Saudi investors to launch projects valued at $15 billions in the region of Jabal al-Sheikh near Hermoun Mount, southwest of Damascus.

The projects, which will be implemented during 15 years, will include hotels, trade, tourist, sport and skiing centers as well as medical, learning and entertainment departments, Director of Investment Office in Syria, Mostafa al-Kafri told SANA Tuesday.

Year 2005 was the year of pressure on Syria regarding investment offers which will give fruits during the next few years, Kafri added.

The Higher Council for Investment in Syria approved last September 70 project amounting to 80 billions Syrian pounds, $ 1.6 billion