The Syrian Investment Commission and Qatar Investment Department signed on Saturday 3/10/2007 an agreement on the statute of the Syrian-Qatari Holding Company and the document of exchanging authentication papers. Click more…
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The agreement gives Syrian and Qatari businessmen new investment opportunities in Syria in all fields. The company's capital amounts to USD 5 billions, and the paid capital amounts to USD 500 millions.
The agreement was signed by Director of the Syrian Investment Commission Mohammed Abdullah al-Kafri and Naser al-Ansari Head of the Qatar Investment Department, in the presence of Syrian Minister of Finance Dr. Mohammed al-Hussein, Chairman of Qatar Investment Department Sheikh Ali bin Jassem, and Qatar's Ambassador in Damascus Majed Ali.
Minister al-Hussein and Ambassador Ali stated that the agreement is a result of efforts by both countries and directives from their leaderships. Dr. Al-Hussein pointed out that the capital and revenues of the companies are divided in half between the Syrian and Qatari governments. He added that the agreement allows the Syrian side to participate with in kind funds or pay in Syrian pounds.
