2019/19/02

Post-war Syria, Iran’s golden investment opportunity

Allies since the onset of Iran’s Islamic Revolution of 1979, Tehran and Damascus have developed their ties, mostly political, over the years. Economic relations have been been put on the back burner for years, but now Syria’s open-door policy for Iranian firms is a gold opportunity that mustn’t be missed.

 

As the devastating war in Syria winds down and the so-called Islamic State terrorists are being zeroed in on in their last small bastion on the border with Iraq, Damascus is looking to turn a new page; it is in dire need of foreign investment to reconstruct the country.

Iran was one of the first allies that shored up the government of President Bashar al Assad as anti-government protests started in 2011 and stayed with him as demonstrations morphed into an all-out war.

Eight years on, Iran continues its support and wants to help Syria rebuild and start again. “Naturally now that it’s time to rebuild, we will be with Syrians,” reiterated Iranian first Vice President Eshaq Jahangiri during a recent joint business forum between Syria and Iran that was held in Damascus Dama Rose Hotel late January.

Tehran has shown its preparedness by dispatching a business delegation, led by Gholam Hossein Shafei, president of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) to participate in the forum and put on the table all it can offer. Shafei was accompanied by Keyvan Kashefi, head of joint Iran-Syria Economic Committee.

Iranian household appliances, textile, plastic and polymer and tapware producers as well as representatives of construction and petrochemical firms were all present at the forum in a bid to gauge investment and joint production opportunities.

“The situation in Syria has provided some opportunities for Iranian clothing manufacturers to rebuild the country’s destroyed market,” Emaduddin Kabiri, a member of Iranian Association of Clothing Industry (IAOCI) told Iran Chamber Newsroom on the sidelines of joint Syria-Iran business forum.

Continue in the source: Iran Chamber of Commerce

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