A Bahraini company plans to launch four industrial projects in Syria at a cost of $1.6 billion, the Baath economic weekly reported Tuesday, April 10.
Among the projects, which will be launched by the Mohammad Jalal foundation for investments, is the construction of a factory producing aluminum at a cost of a billion dollars with an annual production capacity of 280,000 tons.
Also planned are the building of a coal plant with an annual capacity of 300,000 tons and costing $200 million, and a steelworks with an annual capacity of 200,000 tons at a cost of $300 million.
Separately, Syrian, Saudi and Egyptian investors recently received authorization from the higher investment council to establish a cement factory costing $240 million and producing three million tons per year, the weekly said.A Bahraini company plans to launch four industrial projects in Syria at a cost of $1.6 billion, the Baath economic weekly reported Tuesday, April 10.
Among the projects, which will be launched by the Mohammad Jalal foundation for investments, is the construction of a factory producing aluminum at a cost of a billion dollars with an annual production capacity of 280,000 tons.
Also planned are the building of a coal plant with an annual capacity of 300,000 tons and costing $200 million, and a steelworks with an annual capacity of 200,000 tons at a cost of $300 million.
Separately, Syrian, Saudi and Egyptian investors recently received authorization from the higher investment council to establish a cement factory costing $240 million and producing three million tons per year, the weekly said.A Bahraini company plans to launch four industrial projects in Syria at a cost of $1.6 billion, the Baath economic weekly reported Tuesday, April 10.
Among the projects, which will be launched by the Mohammad Jalal foundation for investments, is the construction of a factory producing aluminum at a cost of a billion dollars with an annual production capacity of 280,000 tons.
Also planned are the building of a coal plant with an annual capacity of 300,000 tons and costing $200 million, and a steelworks with an annual capacity of 200,000 tons at a cost of $300 million.
Separately, Syrian, Saudi and Egyptian investors recently received authorization from the higher investment council to establish a cement factory costing $240 million and producing three million tons per year, the weekly said. — (AFP, Damascus)
© Agence France Presse 2001
© 2001 Mena Report (www.menareport.com)
