President Ahmed Al-Shar'a discusses the new investment law to enhance the Syrian economy.

Within the framework of national efforts aimed at driving development and enhancing the business environment in Syria, President Ahmed Al-Shar'a chaired an extensive meeting with several ministers and directors of relevant authorities to discuss the draft of the investment law and its amendments, in line with the requirements of the upcoming phase and the broad economic openness witnessed by the country. This meeting comes as part of efforts to rectify the damages caused by the previous regime, particularly in the economic and financial structure, within a strategic direction to build a secure and attractive investment environment, prioritizing job opportunities, achieving comprehensive and sustainable development. The proposed amendments to the Investment Law No. (18) of 2021, previously approved by former President Bashar Al-Assad, aim to create a strong competitive environment that attracts capital investments, supports expanding and diversifying the production base to increase economic growth rates and national income. The meeting also discussed the importance of simplifying investment procedures, especially in real estate development, with a clear delineation of roles and responsibilities among different regulatory bodies to ensure maximum benefit from the exemptions and facilitations provided by the law. President Al-Shar'a emphasized during the meeting the need for integrated efforts among ministries to develop an emergency plan that meets citizens' needs, enhances living conditions, and prepares for the digital transformation phase and long-term strategic planning. He stressed the importance of transitioning from an aid-dependent economy to a robust productive economy based on local and foreign investments, encouraging the private sector to actively participate in the reconstruction process and building the future of Syria. These amendments are expected to create a more attractive climate for investors, supporting the state's efforts to achieve balanced and sustainable economic growth that positively impacts the lives of Syrians.