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Syrian free trade areas ease investment procedures

Syria has eased investment procedures in free economic areas, according to a report in the London-based AL HAYAT on Tuesday. Head of the Syrian Organization for Free Trade Areas Abdul Hakim Kaddah was quoted by the paper as saying that the organization has introduced "unlimited facilities for investment in free trade areas in Syria in a bid to increase investment in the country." He added that there are over 11 free trade areas in the country, distributed between Damascus, Aleppo, the Damascus International Airport, among other Syrian regions. An increase in the surface area of these free trade areas has also been planned, according to Kaddah, who said that the size of these areas will be increase to over 9,400 squares meters from the current 4,300 meter-squared area.

Kaddah stated that the move comes as part of Syrian efforts to increase investment in Syrian areas, and added that "we are coordinating efforts with the Syrian customs as well as other actors on the matter to provide comprehensive facilities for investors to invest in Syria."
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Title Annotation:Regional Report
Publication:The Daily Middle East Reporter (Beirut, Lebanon)
Date:Jan 20, 2010
Words:183
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