2025-01-25T20:32:04+00:00

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Shafaq News / The Syrian Ministry of Economy adopted a comprehensive
plan to revive factories and strengthen the local economy, the ministry revealed.

The Ministry’s media office told Shafaq News, “The new
Syrian administration is adopting a holistic vision to restart factories and
revitalize the national economy, with a primary focus on privatizing
government-managed facilities and companies.”

The ministry explained that the government plans to open
investment opportunities in state-run facilities, including 107 factories under
the Ministry of Industry, with privatization aimed at improving management
efficiency, increasing productivity, and ensuring sustainability through the
attraction of capital and expertise.

“Energy is one of the most vital sectors in the new
strategy, focusing on developing both traditional and renewable energy sources
to support all other industries while improving energy infrastructure to ensure
continuous industrial production,” the ministry added.

The third pillar of the plan involves supporting
reconstruction efforts by restarting factories specializing in construction
materials to meet infrastructure and housing rebuilding needs, including the
heavy and engineering industries to support large-scale reconstruction
projects.

Regarding the equal support of all industrial sectors, the
ministry noted, “The government will provide support across the board,
including for food, pharmaceutical, textile, petrochemical, and advanced
technology industries, while promoting collaboration between sectors to achieve
industrial integration.”

The Syrian Standards Authority aims to enhance local
production and product quality by adopting advanced technologies to boost
competitiveness, efficiency, and cost-effectiveness in domestic and
international markets.

The plan also includes measures to bolster exports, open new
markets for Syrian goods, and expand trade with friendly nations like Iraq, in
addition, “infrastructure improvements are planned to facilitate exports,
alongside strategies to attract local and foreign investments,” the statement
explained.

Incentives will be offered to industrial investors, with a
focus on modernizing and efficiently managing privatized facilities.

The ministry concluded that “the final component of the
strategy involves supporting small and medium-sized enterprises (SMEs) by
providing technical and training assistance to boost their contribution to the
economy.”