Hassia Industrial Company. Chinese investment in steel and great facilities for investors
The management of the industrial city in Hassiya announced that it has attracted a new wave of investors, including 16 new IPOs, during the first weeks of April, including major international investments, as part of the expansion plan that includes the launch of 76 new investment divisions.
Chinese investment consolidates international confidence
Among the new subscribers was a Chinese investment specialized in the steel industry, which observers considered a strong indicator of restoring international confidence in Syria's investment climate.
Eng. Samir Mansour, head of the city's investment department, explained in a statement to SANA that the proposed subdivisions are fully serviced by infrastructures (electricity, water, sewage), and are ready to receive industries of all sizes, from food to chemical and engineering.
Financial facilities and government incentives
Mansour attributed the great turnout from local and foreign investors to the package of facilities recently approved by the government, most notably the reduction of the first installment of the subscription from 25% to only 5%, with the possibility of installments over five years.
He also noted the role of the "New Investment Law" in providing comprehensive customs exemptions on imported machinery, which reduced the initial setup costs of projects.
The return of Syrian experiences from the expatriate
The interest was not limited to foreign companies, but the city recorded a remarkable return of expatriate Syrian capital.
Investor Wael Al-Deek, who returns from the UAE after 25 years of working in the industrial refrigeration sector, confirmed that his investment stability in Hassiya came as a result of the availability of a promising climate and stimulating government support, noting that his new project in Syria represents a strategic expansion of his business abroad.
Growth Figures and Indicators
The city administration revealed that the new IPOs were distributed among five food, eight engineering and three chemical facilities, and these projects are expected to contribute to the creation of more than 1100 new job opportunities. This movement comes as a complement to the process of privatizing 71 former investors who returned to production after the situation stabilized, which confirms Hassia's role as a key lever for the Syrian national industry.
Time window for investors
It is noteworthy that the subscription door, which opened on April 13, will remain available until the end of the month (April 30), amid expectations of an increase in the number of applications with the arrival of more offers from Arab and foreign countries seeking to take advantage of the strategic location of the industrial city in Hassiya and its competitive production costs.
Ministry of Economy and Industry: Settlement of Investors' Status
On the 20th of this month, the Ministry of Economy and Industry issued a decision to settle the status of specialized investors and contractors who hold building permits in accordance with the old investment regulations for industrial cities, which preceded the issuance of Decision 432 of 2025 according to the following:
The period of the building permit shall be considered one and a half years from the date of this resolution, in cases where the building permit granted previously is valid and its remaining period is more than one and a half years from the date of this decision.
Renewal of the building permit only once for a period of one and a half years from the date of this decision, in cases where the building permit is expired.
The new decision also canceled the work of the articles related to the granting, renewal and extension of building permits in accordance with the old investment regulations for industrial cities, which preceded the issuance of Resolution 432 of 2025.