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Korean Brands Hold More than half of the Local car Market
Korean brands continued to hold a majority share of the Syrian car market in the first half of this year according to the state-owned General Foreign Trade Organisation.
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Government Offers State-Owned Company for Investment by the Private Sector
The Syrian Government has decided to offer a state-owned shoe-manufacturing company to potential investors from the private sector.
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USD 20 Million Milk Plant to Open in Adra
The Arab Pharmacists Union (APU) has approved a project by its Syrian branch to set up a baby milk plant in Syria at a cost of USD 20 million, according to Adib Shanan, chairman of APU.
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Dutch Company Ends Ties with Syria as it Prepares NYSE Listing
LyondellBasell Industries NV, a Dutch producer of polyolefin, has announced that it was ending its business ties with Syria, as well as with Iran and Sudan, as it prepares to list on the New York Stock Exchange.
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Government Cancels Deal for Private Sector Management of State-Owned Cement Plant
Altoun Group has withdrawn from the contract it had won earlier this year to invest in, and develop, a state-owned cement plant.
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Addendum: Syrian Supplies of Medicines Violating Intellectual Property Rights
In a story published on July 26 we had reported that Syria became in 2009 a major source of medicines entering the European market in violation of intellectual property rights, according to the European Commission Customs Office.
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Investments in Syria's Industrial Cities Increased Sharply over the Last 12 Months
The combined value of the investments in Syria's industrial cities reached SYP 441.7 billion at the end of the first half of this year or an annual increase of 70 percent.
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Syria Becomes Major Source of Medicines Entering the EU in Violation Intellectual Property Rights
Syria was the 4th largest source of medicines and the 5th largest source of body care items intercepted in 2009 by the EU customs for infringement of intellectual property rights.
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Update on car dealers
On July 5 we published a limited list of car dealers in Syria. You will see below a comprehensive list of Syria’s main car dealers with the brands they represent.
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Nahas Motors Becomes Exclusive Agent for Mitsubishi Cars in Syria
Nahas Motors, a subsidiary of the Nahas Group, has become the exclusive dealer of Mitsubishi cars in Syria, adding a third global brand to its portfolio.
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