Syrian government targets $25 billion in investments
The Syrian government is hoping to attract 1,260 billion Syrian pounds ($25 billion) worth of investments through its upcoming five-year development plan, according to Al-Hayat daily.
The first phase of the plan is to last three years, followed by a two-year second phase. 840,000 jobs are expected to be created in both the private and public sectors as a result.
Furthermore, the Syrian Ministry of Planning has reported that the upcoming five-year development plan aims at achieving an average annual economic growth rate of three percent during the first three years of the plan, and an average four percent growth rate in the subsequent two years.
In addition, the government hopes to raise the rate of investments of the country’s GDP from 18.2 percent in 2000, to 26 percent in 2003, and reach 27 percent by 2005. –(MENA Report)
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