Middle East Economic Survey

VOL. L

No 6

5-Feb-2007

syria

Syria Issues Laws To Boost Foreign Investments

The Syrian government has issued two new laws to promote further foreign investment in the country as part of its policy of liberalizing its socialist-style economy. Law 8 of 2007 stipulates that Arab or foreign investors may own or lease land or property to set up projects in Syria, and be granted tax exemptions for them. In addition the law provides for the repatriation of profits and for the...