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Article: Nahas moves into industry. (Saeb Nahas, a Syrian private-sector investor, to set up several industrial ventures)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- September 6, 1991
CopyrightCOPYRIGHT 1991 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nahas moves into industry
Saeb Nahas, one of Syria's most prominent private-sector investors, has moved quickly to take advantage of the opportunities created by the new Investment Law 10, and is setting up several industrial ventures. Before the passage of the law, in May 1991, private investment was restricted to mixed-sector schemes in agriculture and tourism, areas where Nahas is already active. The new law opens the way for local, Arab and foreign investment in most sectors of the economy (MEED 24:5:91).
In an interview with the London daily Al-Hayat, Nahas says he is seeking Investment Authority approval for five new projects, all of which he intends ...