Joud Group (19)


Just a few days after his appointment, Syria’s new minister of domestic trade—and potential future prime minister—Talal Al-Barazi, has started to make his presence known.


A decree granting citizenship to dozens of foreigners, including prominent Syrian investors, has created an uproar in Lebanon.


Despite the war, the Central Boycott Office of the Arab League continues to operate from Damascus and blacklist companies that deal with Israel, including recently two large western groups.


The table below lists the main fast moving consumer goods companies in Syria with the brands they distribute.


Last week saw the death in Lattakia of Soubhi Joud, founder of the Joud Group, one of the country’s largest business conglomerates.


The Syrian Metals and Steel Council was established last week with the aim of lobbying for a sector that will benefit from any reconstruction drive.


Turkey’s Coca Cola Icecek has raised its stake in Syrian Soft Drink Sales and Distribution LLC, the company distributing Coca-Cola products in Syria, to 90 percent following a capital restructuring.


Souria Holding, one of the country’s largest holding companies, has elected a new Board of Directors that includes six new members.


Jumeirah, a UAE based group, will manage the 5-star hotel that will be part of Abraj Souria, a development by Souria Holding in the Baramkeh district of Damascus.


Air Liquide, a French manufacturer of industrial gases, has commissioned its first production unit in Syria.


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.


Syria’s production of steel billets will reach 1.15 million tons in 2009, following the commissioning of two new plants.


Joud Group is planning to set up a steel billet manufacturing plant in the industrial city of Adra, some 35 km north east of Damascus, in joint-venture with unnamed Syrian and Lebanese investors. The plant will have an annual production capacity of 512...


The Joud Group one, of the largest conglomerates in Syria, is to launch its own water-bottling plant.


The Syrian Government has removed Pepsi-Cola from the blacklist of firms dealing with Israel set by the Damascus-based Bureau for the Boycott of Israel, which is affiliated with the Arab League.