Establishing a Syrian-Italian Company to Produce Fiber Optic Cables

Memo of Understanding for Establishing a Syrian-Italian Company to Produce Fiber Optic Cables

Damascus, (SANA) – Minister of Industry Fuad Issa al-Juni discussed Monday with Chairman of the Italian company for fiber optic cables (Tratos) Albano Bragagni establishing a joint company for producing fiber optic cables in Syria at Damascus Cable Company. This comes in accordance with the industry law No. 21 and with the participation of Syrian Ministries of Industry and Communication and Technology and Tratos Co.

Minister al-Juni said that the three sides made a memo of understanding for establishing the company, which will be soon submitted to the Economic Committee to get the approval so that a study of the economic and technical feasibility of the company can be conducted.

On the other hand, al-Juni discussed with Minister of Education Ali Saad issue of handing over the locations of Damascus Oil Company and Kamilia Company for Food Products to the Ministry of Education. Agreement was made on preparing a memo on the appropriate mechanism for the transfer process and issue of employment in both companies to be submitted to the cabinet.

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