Economy

Syria is a developing country with a diversified economy based on agriculture, industry, energy and tourism. The Syrian Government implemented a wide range of economic reforms as of the beginning of the 2000’s, including corporate ownership reform, cutting lending interest rates, opening private banks, consolidating all of the multiple exchange rates, raising prices on some subsidized items (most notably gasoline and cement) and establishing the Damascus Stock Exchange Market as a gesture to attract new investments in the fields of tourism, energy, natural gas, service sectors, and some sectors of industry in order to diversify its economy. Syria is a reservoir of great investment opportunities and is on its way to overcoming all obstacles towards achieving a social market economy.

Facts and figures

Al Badia Cement cooperated with the Oxford Business group in Damascus on preparing the Report about Syria. More information - see the link in the right column.