By Imad Al-Askar (with photo)
DAMASCUS, Aug 24 (KUNA) -- Syrian Industry Minister Fuad Isa Juni urged on
Sunday Kuwaiti investors to invest in his country, affirming that his industry
would facilitate all procedures for Kuwaiti investors.
Speaking to KUNA, Juni revealed that Kuwaiti plastic pipes investments have
reached SYP 476 million here, adding that other Kuwaiti ventures included the
investments in the industrial paints with SYP 97 million were invested. (1
SYP= USD 0.0195).
Regarding the draft law to reform the industrial sector in Syria, Juni
stressed that the law was discussed by the national economic committee which
modified it, however, the law would take a year period to be implemented.
The public industrial sector is in desperate need for modification and
reform, revealed the Syrian minister, adding that the sector must be given
more freedoms in order to operate in a manner similar to its private
Juni said that Syrian companies, which suffered losses, could resume
operations with the help of the government, adding that Syrian senior
officials would more look into the issue soon.
On the importance of scientific research for local companies, Juni revealed
that his ministry has called on companies to put scientific research on its
top priorities before embarking on any project. The ministry would help fund
these specialized researches and the whole process in going in a positive
direction, concluded Juni. (end)
KUNA 242009 Aug 08NNNN