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Small and medium projects are given top priority

October 4, 2020
oil and gas

Damascus (ST): Special attention has been accorded to small and medium projects, especially in obtaining guarantees by the Establishment of Insurance against the Danger of Loans.

Director of the Establishment Ma'amoun Katbeh said that small and medium projects constitute more than 95% of the total number of projects in Syria, adding that his Establishment has been working to ensure funding for these projects which have economic feasibility and marketing capabilities.

He added that the establishment also facilitates the entry of the owners of these projects to the banking sector as the establishment's guarantee means alleviating the interests imposed on the given loans.

He concluded that small and medium projects are very important since they motivate the production process and contribute to creating new job opportunities.