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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Trends

Syria forms investment company to revamp markets, infrastructure

Posted on 04 October 2010

From Bloomberg: Syrian President Bashar al-Assad formed a company to guide investment at home and abroad while transforming the country’s financial markets and infrastructure, the Syrian Arab News Agency said.
Assad signed a decree creating a state holding company with 5 billion pounds ($108 million) of capital and a mandate to form a sovereign wealth fund, the state news service cited Finance Minister Mohammad al-Hussein as saying……………………………………….Full Article: Source


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