قسم: Miscellaneous News

Work continues on the implementation of the industrial city station and the dry port in Hasya, Homs. The Syrian Railways Corporation has designed lines, sidewalks and squares in the station to be implemented in three phases (3-6-10) million tons per year according to the actual need to transport loads.
The implementation of part of the first phase has begun, and the infrastructure works for the lines have been implemented and the residential buildings for the workers, the marketing and customs building, the administration building, and the maintenance hall building have been completed, while the implementation of the metal warehouses is nearing completion.
The Foundation stated that the lower section of five lines out of /23/ marked in the first phase has been equipped with a length of each line about /750/m and is ready for extension. About 85% of the concrete squares and about 10% of the asphalt squares have been implemented, in addition to rain drainage and conversion centers. Electricity, lighting poles and the continuation of the implementation of concrete sidewalks.
It is noteworthy that the number of lines observed in the second phase is /12/ lines for transporting (6) million tons annually, and in the third phase / 17/ lines for transporting (10) million tons annually.

New investors in Hasya: The facilities provided formed a strong motive for work and production
The industrial city of Hassia in Homs governorate witnessed a growth in the volume of investments and the number of investors, to reach 181 billion pounds, with the entry of 41 new investors during the past year, as the facilities provided and investment incentives contributed to increasing the appetite of investors to license and implement their projects.
A number of industrialists and new investors in the industrial city of Hasya referred to the creation of an attractive climate for investment in it, and for the various sectors of production and economic activities, by providing plots of various sizes, and the infrastructure that serves the practice of all businesses.
The Director of the Industrial City in Hassia, Eng. Muhammad Amer Al-Khalil, explained that the existing or new facilities that have been licensed would provide high-value products, in addition to providing about 25,000 job opportunities, indicating that the total number of facilities in the city is 974, of which 307 are established. It entered into work and production, and 667 are under construction, distributed in the various textile, chemical, engineering and food sectors, in addition to the presence of 42 divisions in the service area, bringing the percentage of the sold area to 65 percent.
Al-Khalil noted the launch of the service of reserving the switches via the Internet, with the aim of simplifying and automating the procedures and transferring them to the electronic space, which allows the investor anywhere in the world to reserve the required switch by visiting the website of the industrial city in Hasya on the Internet, which includes tables of the numbers of the switches serviced and prepared for sale according to the productive sectors, Indicating that the investor services office in the city follows up the transaction and sends a notification to the investor upon its completion, after the investor registers the necessary data in accordance with the laws in force in the industrial city of Hassia.
For his part, the Director General of the Syrian Investment Agency, Madian Diab, stated that a circular was issued defining the procedural mechanism for granting the tax reduction stipulated in the second clause of Paragraph C of Article 21 of Investment Law No. 18 of 2021, which specified a 50 percent reduction of income tax, for a period of 10 years. Which includes all projects that use a local component of at least 50 percent, including projects in cities and industrial areas. ‏
Diab added: “The Syrian Investment Agency continues to provide more investment incentives and facilities, to support and stimulate the industry sector and protect the local industrial product, to facilitate the return of national investments, especially in cities and industrial areas, such as paying the value of shares in installments, in addition to financing facilities such as interest rate support and tax and customs exemptions.” In addition to the support provided by the Domestic Production and Exports Support and Development Authority and the benefits of the import substitution program.

The Management Committee of the Central Bank of Syria issued a decision regarding the issuance of two bulletins by the bank, the first under the name of the Remittances and Exchange Bulletin, and the second under the name of the Banks Bulletin.
The decision included:
Article (1): The Central Bank of Syria / Directorate of Banking Operations issues a daily bulletin under the name “Remittance and Exchange Bulletin” and a daily bulletin under the name “Banks Bulletin”.
Article (2): The “Remittance and Exchange Bulletin” shall be applied in the following uses:
1- Purchasing foreign exchange in cash from natural persons, through exchange companies and operating banks licensed to deal in foreign exchange.
2- Purchasing foreign commercial transfers, incoming transfers to natural persons, and incoming transfers through global transfer networks.
3- Evaluation of the periodic financial statements of the licensed exchange companies.
Article (3) Other than what was mentioned above of this decision, the relevant decisions are applied so that:
1- The “Banks” bulletin replaces the “Banks and Exchange” bulletin.
2- The “delivery price of transfers to legal persons” mentioned in the banks’ bulletin replaces the “delivery price of personal transfers” mentioned in the banks and exchange bulletins, and is applied to the purchase of transfers received from legal persons from abroad that are not included in paragraph (2) of Article 2 above.

The Central Bank of Syria issued Decision No. 144, regarding the approval of a new exchange rates bulletin called the Remittances and Exchange Bulletin, according to which banks and exchange companies are allowed to receive the values of incoming foreign transfers and to disburse cash (cash), according to an exchange rate close to the trading price (the price determined according to supply and demand in the foreign exchange market In addition to adjusting the price of remittances and exchange, this decision achieves important advantages, namely:
Facilitating direct disbursement operations with banks.
Raising the exchange rate for incoming transfers through global transfer networks such as Western Union.