Syria seeks private investment in state industrial sector

07 November 2010

Privatisation is prohibited

Syrian Industry Minister Fouad al-Jouni has said investors have been invited to help revamp the country’s underperforming industrial sector but privatisation is not an option, Reuters has reported. “We have adopted this principle towards every public sector industrial company that needs to be modernised. We are ready to begin negotiations with any investor,” Jouni said. “But there is no sale of public industrial assets. Privatisation is prohibited and workers rights cannot be compromised,” he added.

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