Syria targets $25 billion in investments

Published June 26th, 2001 - 02:00 GMT

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 Ministry of Planning intends to obtain these investments initially through a three-year phase plan, followed by a two-year phase. These long-term programs are expected to generate a total of 840,000 jobs in both the private and public sectors.  

 

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 program, and an average four percent growth rate in the subsequent two years of the plan.  

 

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 to 27 percent by 2005. ― (MENA Report)

© 2001 Mena Report (www.menareport.com)


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