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Economist Dr Amar Yusuf said:The password for investing in Syria is “safety”.
Pointing out that under the existing circumstances, Syria does not currently have the required and complete “security”, it encourages investors to come and put their money into investments and projects in Syria, despite the attractive opportunities.
Customs problems, administrative confusion, high taxes, import bans and the complexity of their procedures do not create a safe state for investors.
Moreover, the entry of capital, the possibility of its exit and the attendant complexity do not motivate any investor, in addition to the situation of energy carriers, their acute shortage and high costs… Judicial procedures related to investments are all factors that do not provide the “safe” status that investors, especially Syrian investors, need, both abroad and at home.
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He explained in a statement to Syria Steps: “We need a ‘safe’ state in Syria that includes all the elements so that we can inspire the enthusiasm of investors and capital owners and create a safe, trusting and credible investment environment. This is what Syria currently needs to get out of the deteriorating economic, investment and livelihood situation… It is not difficult… Emphasizing that there is still an opportunity to do something truly impactful.”
In fact, Dr. Yusuf said: We do not know why the government has not realised the security requirements needed for investors to come and work and still insists on leading something that is flawed and incomplete.
“We must recognize that the inability of the government to provide the right conditions makes other countries more capable of taking advantage of this opportunity and working to attract Syrian investors, and Egypt, Turkey, Jordan and Dubai are competing for this opportunity,” the economist continued. “Reality bears out what I said.” And the facilities these countries offer Syrian investors are more sophisticated and responsive than those offered to them by the Syrian government.
Dr. Ammar Youssef believes: The Syrian government is well aware and understands this reality, but the question we all ask is why the government does not work to develop the country’s ability to attract investment and investors. Why does it seem that despite the country’s need to invest every pound, is there anyone in the economic sector who does not want to achieve this goal, or is there someone who is hindering investment in Syria based on a good environment, clear laws, and carefully studied advantages..
Yusuf said: In fact, the Syrian economy is going through its worst phase, and if the government does not move in the right direction, and things only require will and desire… then the situation will be more complicated and difficult.
Emphasize that the government’s primary concern today is to improve the lives of its citizens. When necessary, it will take money out of citizens’ pockets by raising fees and prices for services, subsidizing goods, bills, etc., or take measures to reduce citizens’ spending. ? ..
As long as the government has no creative vision and no way of dealing with reality, the economy or living conditions will not improve. He concluded: We need to change the way the government works. Will there be another dialogue?
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