Eng. Imran Highlights Cement Sector Growth

The general manager of "Imran" company stated that the cement industry in Syria has officially transitioned from crisis management to a phase of reconstruction and investment, opening the door for partnerships with local and foreign private sectors, particularly from Turkey, the UAE, and Saudi Arabia. The goal is to attract funding and modern technology to improve production and train national cadres. He pointed out that restarting projects such as the Adra plants will contribute to gradually increasing supply in the market by the end of 2026, although this will not immediately reflect on prices due to the gap between supply and demand, which currently amounts to about 4.6 million tons annually, compared to a need of between 8 and 9 million tons. He also emphasized that the government relies on customs duties for 39% of its revenue, which are currently imposed on most goods including cement. This places it in a balancing act between maintaining treasury resources and boosting economic activity, especially amid rising construction costs and declining local production. The cement sector remains vital for reconstruction, with an estimated cost of around $216 billion. The Syrian market continues to face a gap between production and consumption, with prices steadily rising, local production declining, and expectations of a gradual increase in supply during 2026.

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