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Syria advocates for encouraging investment

Damascus, Jun 2 (Prensa Latina) Syria's interim President Ahmad al-Sharaa stated on Monday that the country is moving towards encouraging investment, especially in infrastructure sectors that require large capital and a long period of implementation and recovery.

During the regular cabinet meeting, Al-Sharaa considered that local and Syrian investments alone are not enough to boost these big projects; they require attracting investors from neighboring and foreign countries.

The president added that the draft investment law was prepared after making the necessary amendments and is awaiting final approval for enactment as soon as possible.

He pointed out that the creation of an enabling environment for investment should be achieved through clear laws, a one-stop service, and genuine facilitation, particularly the freedom to transfer profits and capital abroad.

Al-Sharaa noted that investment trends cover multiple sectors, such as airports, energy, tourism projects, oil, minerals, free zones, ports, railroads, and real estate, in addition to reconstruction, industry, agriculture, telecommunications, and roads.

He noted that there is a widespread interest in this kind of investment.

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