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The
International Forum for Financial Investment coincides with
the Cabinet's recent approval of the general state budget
for 2010 and the several legislations recently issued,
aiming at encouraging financial investment in the various
sectors of the economy, Assistant Finance Minister for
Expenditure Affairs Mohammad Hamindoush said on Thursday.
The three-day Forum, being held for the first
time in Syria, is organized by the Business and Development
Company.
The Forum mainly focuses on the basics of
investment in stock market and aims at helping investors
find best alternatives to make the right investment
decision.
Speaking at the opening session of the Forum,
Hamandoush added the government has started work on setting
the 11th five-year plan, focusing on creating more job
opportunities and facilitating investment, particularly in
the fields of education, health, energy and housing.
Executive Manager of Damascus Securities
Exchange (DSE) Mohammad al-Jalilati said the aim of the
Forum goes in line with what the DSE has been working on,
which is to increase awareness of investment issues in the
economic and social sectors, hailing the government's move
to increase private sector contribution in providing finance
for the development process in Syria.
Director General of the Business and
Development Company Radwan al-Shinnawi said the launch of
the DSE has constituted a decisive turning point towards
improving the performance of financial and banking sectors
in Syria to better support national economy.
He hoped the Forum will help increase
awareness of the issues of money and investment in the
market and provide opportunities for financial service and
funding institutions to be optimally introduced to
investors.
H. Said /Ghossoun-SANA |
