A new investment license for chemical industries in Syria with estimated cost at 42.8 billion SYP

Damascus, SANA- Syrian Investment Authority has granted a new investment license under Law No. 18 of 2021, for a phosphoric acid production project in Adra Industrial City, in Damascus countryside province.

The project’s products are in increasing demand locally and globally, especially with the increasing interest in supporting and developing agricultural production to achieve food security by relying on national resources and reducing the import bill, Director of the Syrian Investment Authority, Madin Diab told SANA reporter.

Diab added that phosphoric acid is used as a raw material in many important industries, especially in the manufacture of nitrogen and phosphate fertilizers used in agriculture.

The cost of the project amounts to 42.8 billion Syrian pounds.

Fedaa al-Rhayiah / Mazen Eyon