Global Arab Network | Syria: Foreign investments drop 4.8 % stood at $ 1.4 billion

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Syria: Foreign investments drop 4.8 % stood at $ 1.4 billion

Thursday, 02 September 2010 23:51

Syria (Damascus) - Volume of foreign investments in Syria fell in 2009 to $ 1.4 billion compared to 2008 where it stood at 1.467 million , according to the Central Bank of Syria.

The central bank said in a report released on Thursday that the foreign investments in the country shrank due to the negative ripples of the international financial crisis, noting that these enterprises dropped 4.8 percent, USD 67 million, compared to 2008.

Proportion of the foreign businesses in contrast to the gross domestic product, amounted to 2.27 percent in 2008.

The Syrian authorities have amended some laws, intended to lure more foreign investments.

Global Arab Network

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Last Updated on Thursday, 02 September 2010 23:56

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