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A good environment will drive investment, and the economy will be on the road to strong recovery
Damascus – Ceriastipes:
Businessman Fahd Darwish said that given the changes that have taken place in Syria at all levels, it is feasible to launch a wide range of investment operations, and he pointed out in a press statement that the more Syria is able to prepare the investment environment and adapt it to the incentives that can attract investors, the more complete the legislative environment and the more modern the laws, the more likely investors will come to invest in Syria.
Darwish explained that Syria now has an important investment law and is taking a number of measures to make the investment process smoother, more reliable and secure.
Darwish did not rule out that a series of decisions and steps will be taken in the coming period to provide investors with the answers and guarantees they need, stressing that Syria’s goal in the next stage is to develop business and investment at all levels, small, medium and large.
“It may not be too late when we hear about the major projects that will be announced from the start of implementation to completion,” Darwish added in his speech, noting that in recent times, projects worth hundreds of millions of dollars have been licensed, some of which are for Arab investors and countries friendly to Syria, and an important part of them are for local investors, in addition, joint ventures and joint projects between the private and public sectors have begun to take shape. He said: If only 10% of the investments licensed in Syria decide to start implementation, then we are talking about billions of dollars.
She expressed confidence that we will witness the next phase of steps and we expect all parties to intensify their efforts and solidarity to launch a broad investment process in Syria, providing hundreds of thousands of jobs for Syria and providing the environment with the conditions that will ensure the growth of business and income, maximize added value, improve services, the lives of the people and the services provided to them.
Darwish believes that all this confirms that the successful creation of an investment climate based on sound laws, procedures and incentives will certainly help accelerate the country’s transition to the recovery phase. He expects that Syria’s investment climate will be clarified in the next phase, so that the atmosphere will become suitable for launching a large number of important projects, some of which will be carried out at the regional level.
Darwish, Chairman of the Supreme Council of Free Zone Investors, said: “Focusing on creating a correct and balanced investment climate based on transparency and clarity is one of the most important goals in Syria today, because everyone realizes that the more we are able to have attraction tools, the faster our path to development and recovery will be. Investment and its role in achieving economic development is one of the important topics related to competitiveness in attracting direct capital, whether local, expatriate or even foreign. All of this importance depends on the degree of ability to direct funds to investment in the economy, production and service sectors, and the success in achieving the centralized goals of absorbing unemployment and reducing poverty in society. Under the policy of diversification of production bases, import substitution, expansion of export volumes, improving living standards and increasing local production in order to achieve an economic surplus in the overall economic balance, and thus achieve an increase in the growth rate of economic growth.
A member of the Syrian Investment Authority said in response to a reporter’s question: We are all committed to working together to make Syria an investment attraction, both in terms of having diverse investment opportunities and in terms of investment. In addition to the availability of many free zones and studies on the establishment of more free zones in different parts of the country, there are also major industrial cities in the region.
He pointed out that it is necessary to adopt plans at the macro level to link universities with the labor market and develop high-level training programs to produce qualified and well-trained labor that can be directed to the labor market when there are suitable and satisfactory opportunities, thereby shifting the labor force in the labor market to the attention of the Immigration Department.
Darwish, head of the Syrian-Iranian Joint Chamber of Commerce, said at the end of his speech: In the next stage everyone is called to mobilize, everyone in his place, under the banner of sophisticated institutional work and the right private-public partnership sectors to create a sophisticated and advanced investment environment to promote Syria’s economic recovery and growth.
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