|
The government attaches great importance to the industrial sector, and creation the infrastructure and
appropriate environment to develop it as on of the most important economic sector, which can make development leap during the next few years, and the backbone of the national economy and contributes about 25 percent of the gross domestic product.
The Investment Authority in her last report indicated what the government is doing in reorganization this sector through the establishment of industrial cities, set ordinances conventional, and opens the way for the private sector to invest in areas that were previously preserve on the public sector such as cement, sugar and the current industrial policy looking to continue promoting the light industries and also promote the heavy industries efficient capital such as engineering and chemicals.
They also pointed to continue doing the modernization and development plans within the five-year plan which aims to push the economy towards a social market economy with reduced reliance on the oil sector, so that the industry is the locomotive of economic growth and the plan includes application of greater involvement of the private sector through basket of incentives offered to investors, especially in industrial cities such as giving full ownership to foreign investors and give the project areas and free land at reasonable prices.
As a result of interesting in this sector, he was able to attract substantial investments last year; among 279 projects have been cover in economic areas, and with a total investment cost estimates amounted to 247 billion Syrian pounds, which estimated by 14.8 percent from the value of total investment costs of all projects since 1991, which amounted 1.6708 trillion lira and industry sector has the largest share in projects reached about 120 projects, followed by 101 transport projects and 40 agriculture projects, in addition to two projects in other activities.
The Investment Authority cleared that they are tracking the implementation projects, pointing that this number of such projects during the period 1991 -2009 was 3301 project, including the drafts of the industrial cities have achieved 18.4 percent, while the implementation for the year 2009 was 28%
and 279 projects, with an indication that Commission has resorted to the last third of 2009 to calculate the value of machinery, equipment and transportation services for projects, instead of calculating the value of the estimated investment cost.
The number of projects under implementation licensed by industrial and agricultural in addition to transportation projects implemented 58 projects, including projects of industrial cities with investment costs estimated up to 39.7 billion liras for the projects implemented in the same year and winning a record of partial and final amounted to 20 projects and the value of the machines actually carried out in 100.1 billion pounds.
According to the Commission there are increasing in the number of the collect projects and achieved in 2009, 9.4 percent of the total industrial projects, and during the period 1991 to 2009 there were 130 projects include sound industrial investment with cost 104.4 billion pounds compared with 115 projects in2008.
On the distribution of industrial projects by the type of industrial activity, the Board showed that engineering projects accounted for the largest share of them, they include 51 projects in 2009, but the total of 443 projects have achieved a rate of 31.8 percent from the total of industrial projects, during the period 1991 to 2009, including projects in the industrial cities.
And about the projects of food, this project has reached 390 projects representing a growth of 27.9 percent of the total food projects and 20.5 percent of the total industrial projects during the 1991-2009 Industrial projects Textile they numbered only 8 projects in 2008.
The indicators show a rise in the proportion in the implemented and under implementation industrial projects, and last year they numbered about 51 projects out of 130 industrial projects including the industrial cities by 39.2 percent, and for that this implemented and under implementation industrial projects during the period of 1991 to 2009, amounting to 944 projects have achieved a rate of implementation of 67.6 percent of the total project for this period.
The report of the Commission that the government has worked and still working to raise the rate of economic growth through infrastructure development and institutional and legislative branches to attract domestic capital, arab and foreign investment in Syria and perhaps one of the most important legislation in the "Legislative Decree" No. 8 of 2007 for the features of facilitation for investors 2009 as well as certain laws other, especially after the national economy registered a satisfactory performance despite the global financial crisis.
The Commission's report was attention to the internal factors that formed important engines for growth in 2009 through a process of progressive liberalization of the economy oriented to create a potential environment for business and investment climate of internal active significantly by bank lending growing for the private sector and the increase in private consumption due to adjust wages.
|
