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Investment Authority explores localizing auto industry
The Syrian Investment Authority discussed with the Chinese company "ZXAUTO" and businesspeople the prospects for localizing the automotive manufacturing and assembly industry in Syria. The focus was on establishing assembly lines as a step towards expanding into manufacturing and local production, alongside discussions on the technical and investment requirements for these projects. The meeting also reviewed the incentives and facilities provided by the Investment Law for industrial projects. Additionally, the discussions addressed the development of supply industries, increasing the local content percentage, with the goal of building an integrated industrial value chain, creating job opportunities, and transferring technical expertise.
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