Thursday 16 December 2010

Foreigners now able to own real estate in Syria « ArabianMoney

The quiet economic revolution taking place in the formerly communist bloc style Syrian economy has continued with news that foreigners are now able to own property. A stock market opened in March last year.

The Syria Arab News Agency reported: ‘During a weekly meeting chaired by Prime Minister Mohammad Naji Otri, the Cabinet passed on Tuesday a bill allowing non-Syrians to own real estate in the Syrian Arab Republic according to regulations and basis, terminating the execution of Law no. 11 for 2008.’

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