A security clearance is required for the sale of any factory or manufacturing concern, the Syrian Ministry of Industry has confirmed.
The Ministry of Industry has provided a new estimate for the value of the destruction of the industrial public sector.
Syrian manufacturers who relocated abroad are banned from exporting their products back to Syria, according to Humam Al-Jazairi, the Minister of Economy.
A court is auctioning off the Syrian assets of Egypt’s ElSewedy Cables to repay debts the company owes to a local bank.
After a modest rebound in 2014, manufacturing investment seems to be falling again in Syria, according to some preliminary data.
Syria’s market for new cars remained depressed last year, according to preliminary data from the customs directorate.
The decrease in customs duties by the Syrian Government is being opposed by manufacturers of the textile sector who fear for their competitiveness.
The Government has allowed manufacturers to import used power generators to make up for the rising electricity shortages.
The head of the Damascus Chamber of Industry has refuted claims made by a senior industrialist that most members on its board had relocated abroad in a dispute that highlights tensions among the Syrian business community.
The estimate of the losses of the state-owned industrial sector doubled in less than a year, according to official sources.
Two new industrial areas to accommodate manufacturing investments have been established in the coastal city of Lattakia by the Ministry of Local Administration.
The rebuilding of Syria’s manufacturing sector will cost billions of dollars and take up to twenty years according to a recent memo by the Ministry of Industry.
The Syrian Ministry of Industry has revised upwards the cost of the war on state-owned factories and companies.
In a trade fair organized in Beirut last week, Syrian garment exporters managed to clinch contracts worth dozens of millions of dollars.
Around two-third of Syria’s factories have been damaged by the conflict gripping Syria, Wael Al-Halqi, the Prime Minister said.


SME Support Fund
Damascus Chamber of Commerce
Labour Law Seminar
Damascus Chamber of Commerce