Who is Al Bashek?

Due to Al Bashek for Trading & Fairs concern to attract new experiences and latest high technologies to Syria it works seriously organizing Project Syria' 07 Fair for the first time form 23 to 27 October 2007 on the new fairgrounds city in Damascus.
Project Syria ' 07 is the first international Trade exhibition for construction technology, building materials, equipment stone and power trade show …. In Syria
It will offer trade visitors a unique opportunity to expand their sources of the full range of building products, heavy equipment , stone, finishing materials , electrical and lighting products and is sure to attract key buyers who need the most up- to - date technology and equipment available on the market
And will attract the business development opportunity for the building sector. It attracts the professionals from around the region.
The demand for residential building is rapidly increasing by fast growing population , million housing units to be built in the next years require the full range of building products and accessories , the building of new factories and a large number of hospitals and public building stress the need for construction materials .

Syria enjoys a moderate Mediterranean climate which is adequate for setting up large industrial enterprises, in addition to the spacious areas on which the country lies - 185180 km2. Add to this its location at the western side of Asia and the eastern coast of the Mediterranean Sea - a strategic location in commercial terms, at the meeting point of three continents (Asia, Europe and Africa). More over, Syria is a tranquil country in which there is an atmosphere of security and peaceful life, which would encourage foreign investors and give greater chances for investments to succeed and develop.
As for as the laws which encourage investment in Syria are concerned, we find that such laws have ensured that investors can introduce their capitals in the form of cash money, of machines or of equipment, and deposit them with their own accounts which are open in foreign currency at the commercial bank of Syria. They have also the right to transfer them abroad after six month as of their entry to Syria in case some event of force major prevented them from being invested.
In addition, they have the right to repatriate them in full after five years of starting operating the enterprise, together with their right to transfer any annual profits or revenue accrued from investment of their invested money as per laws in force. Every Syrian citizen, however, has the right to open an account in foreign currency with which he/she can deposit any amount he/she owns or receives, and he/she has the right to use that account as he/she desires. In addition, exporters have the right to keep all the revenue of their exports, in foreign currency, if these were agricultural produce, or to keep 75% of the revenues of their exports if these were other products. In fact, our banks were able to persuade Arab and foreign banks to reconsider dealing with them and to offer them all facilities required for promoting foreign trade. Syria now is moving towards a new economical movement, there were new laws issued to encourage the investment to develop the construction and building sectors this will be a good reason to have some competition between foreign and local companies to give their best offers in this sector.
The Syrian economic is in progress and development for many reasons such as the distinguished geographic location and large land space (about 185000 km2) and population (more than 18 Million people) right in the center of Middle East, also it is one of OIPIC for petroleum members, and has a great reserve from Oil and Gas, the huge production of electricity which is cheaper than the side countries (the 20 KW/H not more than 1 $), and in addition to the cheap workers rates, all mentioned points increased the investments during 2004 to become about 570 project with a volume more than 4 Billion USD, in industry, agriculture and transportation sectors .
That's why Al Bashek for Trading and Fairs endeavors hardly to organize this building fair in the right time and place on the new fairgrounds in Damascus which less than 7 minutes from the city center.

we find that there is a lot of facilities offered by the Syrian government in the form of free commodity exchange and capitals movement. As a matter of fact, this appeared clearly in freeing trade in such a way that would be appropriate to the necessity of securing the commodities required in our economy, and in such a way that would create in incentive for similar industries to gradually depend on their own productivity and tend to make use of the development, modernization and scientific progress available to them.