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Syrian interim economy minister pledges shift to market economy

0 Comment(s)Print E-mail Xinhua, December 18, 2024
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DAMASCUS, Dec. 18 (Xinhua) -- Syria's interim minister of economy in the caretaker government, Basil Abdulaziz Abdul Hanan, on Wednesday announced plans to embrace a free and competitive market economy, according to local Al-Watan Online news outlet.

His remarks came as officials consulted with industrialists, traders, and experts to chart a new course for Syria's economy following the collapse of Bashar al-Assad's government, according to the report.

"We have intensified meetings with industrialists, merchants, and specialists to gain a clear understanding of the situation and set priorities for improving the economic landscape," Abdul Hanan said.

"We will launch workshops so that the private sector, academics, and experts can be genuine partners in shaping Syria's economic policy," he was quoted as saying.

The minister noted ongoing communication with Syrian industrialists abroad who have expressed an interest in returning and investing in the country.

Abdul Hanan also discussed efforts to revive key industries, including cement and building materials production, promising swift action to restart critical facilities.

"We hope the private sector -- industrialists, traders, and investors -- will be proactive partners in rebuilding Syria's economy," he said.

"Our role is to provide the necessary infrastructure and create an environment where investments can thrive, free of restrictive controls, to elevate the reality of a free Syria."

No immediate details were provided on the timeline for these reforms. Enditem

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