Syria’s three major industrial cities saw a jump in the value of newly licensed projects last year, although the number of jobs created and the number of projects beginning construction slowed down, according to official data.
The sharp rise in the cost of raw materials is leading to a shortage of paper products, including schoolbooks, despite a recent increase in local production capacity.
A contract signed between a Syrian state company and an Iranian supplier confirms that Tehran’s credit lines to Damascus are technically still operational.
Since the end of last year, Syria’s eight car assembly plants have stopped producing because the government has stopped issuing the import licences required for their activities.
A legislative decree has lifted tariff barriers on a range of industrial inputs in a bid to encourage local production.
The government has agreed to subsidise loans granted to Aleppo industrialists in a bid to kickstart investment in Syria’s traditional manufacturing hub.
Official data is painting a mixed picture for investment in Syria’s manufacturing sector.
The Suweida governorate has awarded a SYP 20 billion contract for a solid waste treatment plant on terms that are similar to public private partnership deals.
A company from China is negotiating to set up a plant in Syria, which would be one of the very few Chinese investments to take place in the country.
The Syrian Investment Agency has issued a licence for a new car assembly plant, while an Iranian-owned venture in the industry has reportedly suspended production.
The government has increased tariffs on some steel products, a decision that seems to have been motivated by pressures from influential businessmen.
The government is subsidizing loans granted by Syrian banks to manufacturers in a bid to promote local production and reduce imports.
An unnamed Russian Company has offered this month to invest in Syria’s sole state-owned battery production plant.
Official data provide a mixed picture of the state of Syria’s industrial cities and zones.
The Syrian Cabinet has increased import tariffs on copper and aluminum cables to 30 percent, various local media have reported.
Official data indicate a small increase in the number of new manufacturing investments in the country, although prospects for next years appear more pessimistic.
The Syrian textile industry, traditionally the largest manufacturing sector in the country and a major employer, has not recovered from the war and continues to struggle as it faces a variety of challenges.
Stroytransgaz is formally taking charge of Syria’s fertilizers production complex in Homs.
The government has decided to stop issuing new licenses for the establishment of iron and steel plants.
Three new licenses for car assembly plants have been given to Syrian investors in the past few months, raising the potential number of these plants, including several that have been operating for years, to eight. Here is a breakdown of these projects.