Syria authorizes 1,494 projects at a cost of 7.3 billion dollars

Officials sources said that in the last six years, the number of projects included in the investment law had reached 1,494 at an expense of nearly 367 billion lira (about $7.3 billion).

The sources said that the number of joint projects between foreign, Arab and Syrian investors reached nearly 200 projects that related to investors from 37 foreign and Arab states. Also at the end of the last year, the number of projects implemented in the agricultural and industrial sectors reached 148, at an expense of nearly 225 billion Syrian lira, ensuring 12,152 new job opportunities.

In return, the investors began the implementation of 182 industrial and agricultural projects at a cost of 57 billion Syrian lira, thus the sources expect that these projects will provide about 13,200 additional jobs.

Also the volume of the capital formation was increased from 31.7 billion lira in 1991 to 91.4 billion lira in 1995.