Swedish company wins telecommunication project in Syria

In its Sunday economic bulletin, radio Monte Carlo reported that the Swedish Arexon telecommunications company has won a US $118 million contract to install one million telephone lines in Syria.

The contract falls in the framework of a Syrian project to install some 1.65 million telephone lines in order to raise the capacity of the Syrian telephone network to 3.3 million lines, thereby each 100 citizens would have 14 telephone lines against the present 6.5 lines. The project is to be completed by the year 2001, and being signed Syria would have got two loans from: the Arab Fund for Social and Economic Development and from Abu Dhabi Fund for Development.