The Minister of Industry, Internal Trade, and Consumer Protection, Bassel Abdul Hannan, held discussions with representatives of the Iraqi KRD Holding Company regarding investment cooperation opportunities in the cement and steel sectors, and the possibility of establishing strategic industrial projects that contribute to developing local production and enhancing the capabilities of the Syrian industrial sector.
The Ministry clarified via its Telegram channel on Tuesday that the two sides discussed during the meeting, held at the Ministry building in Damascus, investment opportunities in establishing a modern cement production plant that relies on locally available raw materials and boasts high production efficiency, thereby supporting the fulfillment of reconstruction phase needs and infrastructure projects, strengthening local supplies, and providing new job opportunities.
On his part, the potential for developing steel mills and updating their production lines was discussed, aiming to raise operational efficiency, improve product quality, and enhance the capacity of industries linked to the construction and building sector. The Ministry stated that the two sides also discussed preparing a comprehensive charter for the proposed projects, including the scope of work, timeline, investment requirements, production plans, and commercial structure.
He added that the meeting comes within the framework of the Ministry of Industry, Internal Trade, and Consumer Protection's direction towards attracting investments and expanding partnerships with regional and international companies, and developing strategic industrial projects, thereby strengthening local production, providing reconstruction supplies, and supporting economic development paths in Syria.
Source: Syrian Arab News Agency (SANA)
Comments (0)