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Act No. 32 of 2007
Date-Milade: 2007-12-04Date-off: 1428-11-24
Published at: 2007-12-04
Section: Law
President of the Republic
On the basis of the provisions of the Constitution
As approved by the People ' s Assembly at its 19/11/1428th meeting, 29/11/2007.
Issue:
Article One.
a. Non-Syrian investors are allowed licensed investment entrepreneurs, which, according to Act No. 21 of 1958, will be authorized to own, lease and invest land and real estate necessary for the construction or expansion of their enterprises in industrial cities if the project is beyond the project ' s need for an area greater than the property limit specified in the laws and regulations in force, provided that they are used exclusively for the purposes of the project.
b. The provisions of Legislative Decree No. 57 of 2004, Legislative Decree No. 26 of 2003 and investment regulations in industrial cities apply to investors in industrial cities covered by the provisions of paragraph a.
c. The Syrian or non-Syrian investor in industrial cities, in the event of the abandonment of its project in favour of a non-Syrian investor, has the effect of obtaining the approval of the Industrial City Council and the Ministry of Industry for investors in industrial cities and a maximum of two years for the implementation of the said abandonment.
Article 2
This law is published in the Official Gazette.
Damascus 24/11/1428H approved 4/12/2007
President of the Republic
Bashar Al-Assad
Advocate Nahl al-Masri
Number of observations: 565. |
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