Retail & Trade

A new Presidential decree, passed on December 1, has increased customs fees by 70 percent on cars with engine sizes above 3,000 CC, according to Al Watan, a local daily.
Smart Mart, a joint-venture between Syrian and Iraqi investors, is developing a number of supermarket stores in the region of Homs.
Homs Fairgrounds has issued a tender for the management of the new exhibition centre the company is developing in Syria’s third largest city.
Monoprix, a French supermarket chain, opened in first store in Syria on September 23.
Scabal, a European fabrics and luxury menswear manufacturer, is opening its first store in Damascus.
The Ministry of Economy has issued a decision obliging all importers of garments, shoes and home appliances to print their names on every item they import.
The Fast Moving Consumer Goods sector or FMCG is a booming sector in Syria, following the liberalization of foreign trade, the establishment of free trade areas with Arab countries and Turkey and the general decrease in customs tariffs on imports.
The city of Homs is expecting works on its first exhibition centre to finish by the beginning of 2011.
Syrian Turkish trade has risen to all-time highs in the first six months of this year as Syrian exports rise again significantly.
Segafredo Zanetti, an international coffee and coffee shop brand, has added two new outlets in Syria, the firsts outside Damascus.
Turkey and Syria have agreed to build a new crossing on their common border.
Syria ranked 104 out of 125 countries in the world and 11 out of 12 Arab countries in the Enabling Trade Index, an index produced by the World Economic Forum (WEF).
Admic, a Lebanese company that holds the regional franchise of several French supermarket and hypermarket chains, plans to open its first store in Syria.
In last week’s edition of The Syria Report we published a story on the sale of RAMAK Duty Free Shops to a group of Syrian and Arab investors.
RAMAK Duty Free, a chain of duty free shops on Syria ’s border crossings, has announced that it has sold its shops to Arab and Syrian investors.


SyriaMEP 2020
Damascus International Fairground
Aleppo International Fair 2020