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Article: Damascus ends private investment project.(SYRIA)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- August 11, 2006
CopyrightCOPYRIGHT 2006 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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State-owned regulator General Organisation for Cement & Building Materials (GOCBM) has cancelled the build-operate-transfer (BOT) tenders to expand and upgrade the capacity of five local cement companies. This was the first time that private companies had been invited to become involved in the local cement sector (MEED 27:1:06).
"The project has been stopped indefinitely due to labour issues [in the local companies]," says a senior GOCBM official. GOCBM was tendering the 15-year BOT contracts in two batches.
The first contract was to upgrade plants owned by Adra Company for Cement & Building Materials and Tartous Company for Manufacturing of Cement & ...