Syria announces 500 new investment opportunities in free zones
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The Director of Public Relations at the Syrian General Authority for Land and Maritime Ports, Mazen Aloush, revealed the existence of more than 500 new investment opportunities in various Syrian free zones, as part of efforts to reactivate the economy after years of war.
This came during his discussion about restructuring these areas under the umbrella of the Free Zones Authority, which includes areas in Damascus, Adra, Damascus Airport, Latakia, Tartus, Homs' Homsia, Aleppo's Muslimia, and Hasakah's Al-Yarubiya, noting that the latter is currently inactive.
Aloush pointed out that a decree has been issued to establish a free zone in Idlib Governorate, which is expected to begin operations soon, noting that the most active free zones currently are Adra, Damascus, and Damascus International Airport.
In the context of developmental efforts, the Syrian official clarified that the authority is making significant efforts in the maintenance and rehabilitation of the free zone in Muslimia as it is the largest free zone in Syria, with the subscription for a quarter of the available investment opportunities starting.
Regarding transportation movement, Aloush revealed that the movement of passengers through land ports has exceeded 6.5 million passengers, while the import and export movement has seen the entry of 350,000 trucks by land and the docking of 850 ships in Syrian ports since last December.
It is worth noting that the General Authority for Land and Maritime Ports oversees the management of border crossings with Turkey, Lebanon, Iraq, and Jordan, as well as maritime ports in Tartus, Latakia, and Baniyas, in addition to the airports and free zones spread across Syria.
These developments come as part of Syrian efforts to rebuild the national economy and attract foreign investments, despite the significant challenges that the country still faces on both economic and security fronts.
This came during his discussion about restructuring these areas under the umbrella of the Free Zones Authority, which includes areas in Damascus, Adra, Damascus Airport, Latakia, Tartus, Homs' Homsia, Aleppo's Muslimia, and Hasakah's Al-Yarubiya, noting that the latter is currently inactive.
Aloush pointed out that a decree has been issued to establish a free zone in Idlib Governorate, which is expected to begin operations soon, noting that the most active free zones currently are Adra, Damascus, and Damascus International Airport.
In the context of developmental efforts, the Syrian official clarified that the authority is making significant efforts in the maintenance and rehabilitation of the free zone in Muslimia as it is the largest free zone in Syria, with the subscription for a quarter of the available investment opportunities starting.
Regarding transportation movement, Aloush revealed that the movement of passengers through land ports has exceeded 6.5 million passengers, while the import and export movement has seen the entry of 350,000 trucks by land and the docking of 850 ships in Syrian ports since last December.
It is worth noting that the General Authority for Land and Maritime Ports oversees the management of border crossings with Turkey, Lebanon, Iraq, and Jordan, as well as maritime ports in Tartus, Latakia, and Baniyas, in addition to the airports and free zones spread across Syria.
These developments come as part of Syrian efforts to rebuild the national economy and attract foreign investments, despite the significant challenges that the country still faces on both economic and security fronts.
