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The Ministry of industry has prepared a draft decree to create a fund to support and development the Syrian industry, this fund considered one of the strategic projects for the Ministry of Industry in the eleventh five year Plan. the director of financial planning in the ministry of industry Reem Halli, the fund's mission is to participate actively in achieving goals,
policies and the programs of industrial development in Syria by providing some types of financial and investment supporting, that is necessary to growth and development the local industry and raise the level of performance.
The Hilli said: "this fund designed to provide the direct or indirect support for some of national industrial products that did not affect by outcome the prices of liberalization renewable energy, because what this product production costs, which determined by the Council of Ministers annually on propos from the "Board of Directors Fund", and the industrial support will be paid by percentage of tax liability or insurance payable by the industrial owner relationship or through the provision soft loans, medium and long-term sector for the project of industrial sector and give advices in the areas of administrative, financial, technical and marketing, to contribute creation of base industry, which raise the level of performance in these projects and help in overcoming the problems they may face, and this loans will be giving after checking the feasibility studies of projects according to particular Convention sets interest rates and lending conditions".
Hlli predicted to reach the cash balance of the fund during the next five-year plan worth 50 billion Syrian pounds.
Damascus – AL-Thawra
Economics |
