World Finance Syria Economic Reform Awards 2009

Published December 29th, 2009 - 08:37 GMT

It has been a productive and exciting year for Syria. The country has in the past faced difficulties due to its weak administrative structure, together with US sanctions, which have had an affect on investment and development opportunities. This is changing. The challenges the country faces include shifting from an oil-exporting economy towards a net oil importer; managing the transition from a socialist planned economy towards a liberalised social market economy; and enhancing human development through targeted interventions which ensure a more equitable distribution of wealth and equal economic opportunities for wealth creation across all segments of Syrian society. Several companies are meeting these challenges head on and it is World Finance's pleasure to recognise those forwarding the agenda. This year World Finance held the Syria Economic Reform Awards. Congratulations to those who made the grade.


Best Telecoms Company
Syriatel Mobile Telecom

Best Financial Brokerage Firm
Bemo Saudi Fransi Finance

Best Tourism Development Company
The Wahoud Group

Best Construction & Property Development Company
Fouad Takla Co.

Best Gas Industry Contracting Company
Lead Contracting & Trading

Best SME Business Promotion Group
Syrian Enterprise & Business Centre

Best Pharmaceuticals Company
National Company for Pharmaceutical Industry (NCPI)

Best Conventional Private Bank
Bank Syria & Overseas

Best Money Exchange Company
Al Fuad Exchange

Best Oilfield Services Company
The Nasco Group

Best Economic Development Company
Khwanda Group

Best Engineering & Utilities Equipment Supplier
Hamscho International Group

Best Plastic Industrial Products Manufacturer
Al-Matin Group

Best Shipping Company
Al-Sham Shipping

Major Foreign Investor
Shell Syria Petroleum Development BV

Best Private Airline
Cham Wings Airline

Best Food Processing Company
National Sugar Company

Best Freight Services Provider
Shamout Group of Companies

Best Importer of Construction & Building Materials
Zein Brothers

Best Container Terminal Manager
Tartous International Container Terminal

Best Luxury Hotel Property
The Four Seasons, Damascus

Best Conventional Private Insurance Company
Syrian-Kuwaiti Insurance Company

Award for Pioneering Key Economic Projects in Support of Syria
MAS Economic Group

Visionary leadership and contribution to the Syrian economy
Mr Haytham Joud, Souria Holding

Lifetime Achievement Award for Promoting Syrian Commerce
Ratab Shallah


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