Industrial Investment Agreement in Syria by a Turkish Company
Official signatures have been inked for a massive 364,000-square-meter investment to be carried out in Syria within the scope of the Bab al-Hawa Industrial City Expansion Project.
A cooperation agreement was signed between the Syrian Ministry of Economy and Industry and İsra Holding, a member company of ASKON, for the Bab al-Hawa Industrial City Expansion Project.
Signing Ceremony Held in Damascus
A cooperation agreement was signed between the Syrian Ministry of Economy and Industry and İsra Holding, a member company of ASKON, for the Bab al-Hawa Industrial City Expansion Project.
Minister of Trade Ömer Bolat also attended the signing ceremony held at the Damascus International Fair, where official steps were taken between the parties.
Infrastructure and Area Details of the Project
The investment will be implemented on a total area of 364,000 square meters, and modern infrastructure systems will be brought to the region.
Within the planned area, there will be 240,000 square meters of ready-to-sell industrial plots as well as administrative, service, road, and green spaces.
Expected Contribution to the Regional Economy
With its strategic location, the project aims to transform the region into a center of production, investment, and employment.
Idle lands will be brought into production, contributing to the strengthening of commercial and economic relations between Turkey and Syria.
Emphasis on a New Era from the Board of Directors
İsra Holding Chairman of the Board Abdurrahim Tavlı stated that a new era has begun between the two countries.
The statement noted that an important cooperation has been launched in order to evaluate the potential of the business world in the Syrian market.