2025-06-06T20:02:21+00:00
Shafaq Information/
The Syrian Ministry of Financial system and Trade is shifting ahead with plans to
rehabilitate and restart important industrial vegetation, Hasan Al-Ahmad, Director
of the Media Workplace on the Ministry, instructed Shafaq Information.
Al-Ahmad
revealed that a number of main services have lately resumed operations,
together with the Hama Iron Plant and the Damascus Cables Manufacturing facility, together with different
strategic belongings.
“These
services are presently present process technical evaluations to evaluate their
readiness for versatile and environment friendly funding fashions,” he mentioned, including that
the objective is to maximise operational effectivity and guarantee these belongings
contribute successfully to financial restoration.
Supporting
the nationwide manufacturing, Al-Ahmad burdened, stays a cornerstone of Syria’s
industrial technique. “We would like Syrian-made merchandise to compete confidently in
each home and worldwide markets.”
Relating to
the Ministry’s main focus for the approaching part, it’s “to raise the
requirements of the nationwide trade, positioning it as a benchmark for high quality
and export potential.” This, he mentioned, would assist stimulate financial development,
create job alternatives, and strengthen public belief in native manufacturing.
Syria’s
economy has been in a state of collapse for the reason that outbreak of mass protests and
civil battle in 2011. A current joint report by the United Nations Financial
and Social Fee for Western Asia (ESCWA) and UNCTAD, printed on January
25, 2025, and titled “Syria at a Crossroads: Towards a Steady Transition Section,”
highlighted the challenges going through the Syrian economic system and outlined eventualities for
its potential restoration.
In line with
the report, a restoration state of affairs assumes profitable reconstruction efforts,
governance reforms, and ample worldwide help, significantly within the
fields of agriculture, trade, and vitality.
Beneath this
mannequin, Syria may regain as much as 80% of its pre-war GDP by 2030, supplied the
nation maintains a median annual development charge of 13% over the 2024–2030
interval. Even on this best-case state of affairs, per capita revenue would nonetheless attain
solely half of its 2010 stage.
