Public Works and Housing Minister Suhail Abdul Lattif stressed to the press the importance of this event and the wide and diverse participation of public and private sector entities in it, which helps to kick-start the economic wheel and promote urban and urban development promote building movement in the country.
Commenting on the impact of the fair on attracting investment, the minister explained that this issue depends on the encouraging environment in the country and the Investment Law No. 18 enacted in 2021 offers many benefits and facilitations for investors.
Revealing that the reconstruction process is gradual but related to the country’s capacities in general, he denounced that the unfair unilateral coercive measures and the siege of Syria had severely affected the Syrian people.
Despite everything, we are optimistic, all the more after the Arab opening to Syria and the help with reconstruction, he said.
For his part, the Governor of Damascus, Muhammad Tariq Krishati, explained that given its important role in the reconstruction phase, the fair is a platform to learn about everything new in the construction sector and the latest urban technologies.
The broad participation of companies reflects the state of recovery of businesses and the Syrian economy, he said.
Although there are no exact figures on Syria’s losses as a result of the war, independent sources estimate that rebuilding the country will require around $500 billion and that Damascus will prioritize investing in the process for its allies and friends.
jf/fm