Germany (357)


The number of tourists that entered Syria in 2010 stood at 8.5 million, a year-on-year increase of 40 percent, while tourist revenues rose 60 percent, confirming that the country’s tourism sector was finally getting closer to its potential.


Guris, a Turkish conglomerate, has held a ceremony to mark the beginning of the works on the last phase of its EUR 285 million cement plant under construction in northeast Syria.


The English transcript of the interview of Syrian President Bashar Al-Assad with Hurriyet and Bild in 2010.


Syrian exports declined by a third last year as Iraq continued to take an increasing share of the country’s total international sales, according to official trade statistics.

The level of remittances to Syria is estimated by the World Bank at USD 1.4 billion for 2010, a figure significantly higher than in previous estimates.

Kuwait United Investments Company (KUIC) and ACICO of Kuwait are to start works on a USD 12 million insulated block plant in the Industrial City of Hessia, Khaled Al-Mashri, general manager of KUIC, said.

The number of tourists that entered Syria in the first nine months of 2010 stood at 6.6 million, a year-on-year increase of 46 percent, according to the Ministry of Tourism.

Scabal, a European fabrics and luxury menswear manufacturer, is opening its first store in Damascus.

The Attar Group and Ha-Be Betonchemie are building a joint concrete products manufacturing plant in the Adra Industrial City, near Damascus.
Syrianair will be able to repatriate and use again its two A-320 planes currently blocked in Germany after the company maintaining the engines, Lufthansa Technik (LHT), announced that it had received an export license from the US Administration.
TurboCare SpA will put into operation the first of the two gas turbines it is installing in the Banias Power Plant within the next sixty days, according to the company.

Germany is proving EUR 12 million in grants to assist in various economic and development reform programmes in Syria.


KfW, the German Development Bank, is providing EUR 50.2 million to finance the construction of a water sewage and network system in the Sayyida Zeinab district of Damascus.

The number of people that visited Syria in 2009 increased by 12 percent compared to the previous year, according to a statement from the Ministry of Tourism.
Syrian Arab Airlines is considering buying two French-manufactured turboprop ATR 72-500s airplanes in a move that would help it avoid a total halt of its services.
Syria and Germany have formally signed an agreement on a EUR 70 million financing for development projects.

Iraq was Syria's main trading partner last year according to data from the Central Bureau of Statistics.


The fleet of Syrian Arab Airlines has been reduced to three aircrafts after the US Government intervened to ground the engines of two of the planes that were under repair in Germany, The Syria Report has learned.             


Germany’s Development Bank, KfW, is providing new finance to FMFI, Syria's first microfinance bank to help it strengthen its capital base and lending facilities.

Direct flights between Germany and Syria have resumed following the launch of a bi-weekly service between Damascus and each of Dusseldorf and Berlin by Blue Wings Airlines, an independent carrier.
The number of tourists visiting Syria, in particular from Europe, has continued to increase in the first five months of this year, according to data from the Ministry of Tourism.

SYRIAMAR, or the Syrian General Establishment of Maritime Transport, will acquire two new vessels for its fleet at a cost of USD 42.5 million.


Germany’s Development Bank, Kfw, has announced that it was providing a grant of EUR 6 million to fund the modernization of Syria’s school infrastructure.

The number of tourists visiting Syria last year reached 3.6 million people, or an annual increase of 15 percent.

Peace without Syria Is Unthinkable

KFW is providing a EUR 52.8 million credit facility to the Syrian government to finance a water project in Aleppo.
A German trade delegation is visiting Syria from November 30 to December 2. The delegation will be comprised of thirteen companies active in the construction and building materials sectors.
Syria’s social indicators are improving according to an annual report published by Social Watch, an NGO.

The English transcript of the interview of Syrian President Bashar Al-Assad with Monday Morning on September 30, 2008.

The visit of French President Nicolas Sarkozy to Damascus on September 3rd and 4th was concluded with the signing of a number of commercial agreements and memoranda of understanding between French and Syrian companies and institutions.

Alternergie, a German firm active in renewable energies, has been awarded a contract by the Ministry of Electricity to build the country's first solar electricity plant at a cost of EUR 50 million.

The value of private investments licensed by the Syrian Investment Agency in 2007 stood at SYP 401 billion, although more than a half was taken by the Syrian Qatari Holding Company, according to the annual report of the SIA.
Germany has put restrictions on the export of heavy trucks to Syria on the ground that they could be used for military purposes.
The 2008 turnover of the General Organization of Tobacco (GOT) is expected to reach SYP 25.6 billion (USD 533 million), according to Salman Abbas, Deputy Director-General.

Julphar, one of largest pharmaceutical manufacturers in the UAE, is looking at the opportunity of investing in Syria.

A new factbook published by the World Bank provides new figures for expatriates’ inward and outward remittances in Syria and the World.
Syria ranked 135 out of 150 countries in the world in the Logistics Performance Index released by the World Bank.
Syria and Germany have signed an agreement for a two-year cooperation program that will involve German financing of EUR 34 million to be invested in the water sector and micro-finance.

Azarab Energy Industries Development of Iran has put the second 165 MW unit of Banias Power Plant into operation.


Knauf Gips KG, one of the world's leading manufacturers of building materials, will develop a state-owned gypsum plant located in Lattakia in a joint-venture with the General Company for Marble and Asphalt (GCMA), the owner of the plant.


Syria continues to suffer from power shortages around a month after the electricity crisis began.

Syria’s total foreign trade volume rose to SYP 1 trillion (USD 20 billion) in 2006, an annual increase of 12 percent, according to preliminary estimates from the Central Bureau of Statistics.

Azarab Energy Industries Development of Iran has put into operation the first of the two units at Banias power plant, nearly a year after the company had announced the completion of works


Dubai-based Coral International Hotels has signed a contract to manage a 5-star hotel in Aleppo starting the first quarter of 2008

The German Ministry of Economic Cooperation and Development (BMZ) has announced its decision to increase the amount of assistance Germany offers to Syria to support the liberalization of the Syrian economy and the drive to attract more foreign investors

Syria, Jordan and Saudi Arabia are in the first stages of reviving the old Hijaz railway line after the signature of an agreement between a Syrian-based company, Balkees Real Estate, Industrial and Commercial Investment Company, and the Hijaz Railways ...

Syria’s exports of cumin grew six fold in 2005.

The English transcript of the interview of Syrian President Bashar Al-Assad with Dubai TV on August 24, 2006.