The Investment Authority and the Federation of Chambers of Industry discuss the promotion of industrial investments in Syria Details: The Chairman of the Investment Authority, Ruad Ramadan, spoke with the President of the Federation of Chambers of Industry, Mazen Eldirwan, about ways to increase industrial investments and exercise the role of the private sector in economic development. Ramadan reviewed the investment law's incentives, which include a tax reduction of up to 80% for projects that export more than half of their production. The incentives include exemptions from customs duty on machinery and production lines and the possibility of transferring profits and investment returns abroad in accordance with the applicable regulations. The Chairman of the Investment Authority emphasized the importance of the role of the single window in simplifying investor procedures and facilitating their transactions. Industrialists and businessmen called for addressing obstacles to the implementation of the project, especially land acquisition procedures, to facilitate industrial investments.

The Investment Authority and the Federation of Chambers of Industry discuss the promotion of industrial investments in Syria Details: The Chairman of the Investment Authority, Ruad Ramadan, spoke with the President of the Federation of Chambers of Industry, Mazen Eldirwan, about ways to increase industrial investments and exercise the role of the private sector in economic development. Ramadan reviewed the investment law's incentives, which include a tax reduction of up to 80% for projects that export more than half of their production. The incentives include exemptions from customs duty on machinery and production lines and the possibility of transferring profits and investment returns abroad in accordance with the applicable regulations. The Chairman of the Investment Authority emphasized the importance of the role of the single window in simplifying investor procedures and facilitating their transactions. Industrialists and businessmen called for addressing obstacles to the implementation of the project, especially land acquisition procedures, to facilitate industrial investments.