Syria is an interesting market, with a 22 million population and an average per capital income of 4500,00 $. Internal market had a continuous development in the last decade, importations are around 15billion $. Forecast of the GDP growth rate is +3,7% for 2010 and +4,5% for 2011.
The economy is relatively opened (foreign sales in this market represent 50% of GDP; foreing direct investment increased by 43% in 2008): the public sector is the main important and in the last years private sector is growing more and more.
Public debt as a percentage of GDP fell from 120% of 2003 to 30,8% to 2008. Ultimate studies should confirm the expectation of declining inflation from 15,2% to 8,1%.

Even though the Syrian industry is increasing, the Area depend on foreign Countries for investment goods. Italy is the main partner and during 2008 exported around 1 billion €. Main sector of the partnership between Italy and Syria are:

Different Syrian entrepreneurs are investing in Pharma industry that is told to be the new star industry in Syria.
Now there are many possibilities to invest in light industry (textile, fashion and food). Moreover there are many opportunities in big projects in the following sectors:

There’s a focus on the special opportunities in the Energy industry: Syria’s need of electricity is growing by 7% annually. The Country had a capacity of 6200 Mhw in 2009, the demand was higher (more than 7000 Mhw), and the Government set the goal of producing 5% of its needs from renewable sources by 2011: solar and wind stands as the most promising green energy possibilities.

Upon request, we can provide you more detailed information about any industry.