Syria signs UAE deal to revive Tartus Cement Plant
QAMISHLI, Syria (North Press) – Syria’s General Company for Cement Industry and Building Materials (Omaran) signed on Wednesday a 15-year investment agreement with Emirati firm QZ to rehabilitate and operate grinding mills at the Tartus Cement plant.
The deal aims to boost local cement production and modernize industrial infrastructure without placing additional strain on the state budget, according to officials.
Omaran’s General Manager, Mohammed Fadila, said the agreement focuses on restoring key production stages through private-sector expertise while maintaining state ownership of the facility.
He added that QZ was selected for its technical capacity and ability to introduce modern technologies and safety standards.
The project is expected to have a notable economic impact, including stabilizing cement prices by importing clinker for local processing and reducing reliance on finished imports.
Officials say the initiative could create around 300 direct jobs and more than 2,000 indirect employment opportunities, with a focus on training and hiring local workers.
The agreement also includes commitments to environmental standards and the rehabilitation of idle assets at the plant.
The partnership marks a step in efforts to revive Syria’s industrial sector through foreign investment and public-private cooperation, as the country seeks to strengthen production capacity and support economic recovery.