FDI Prospects Strong, Despite Business Environment Shortcomings

Over recent years, the gradual liberalisation of the Syrian economy been accompanied by a greater role for the private sector and a rapid increase in FDI inflows. Buoyed by a relatively optimistic economic outlook - we see real GDP growth coming in at 3.9% in 2010, and for economic expansion to average 4.6% per annum over the 2010-2014 period - we expect this trend to continue over the coming years. Indeed, whereas between 1999 and 2003, the private sector accounted for less than 40% of nominal gross fixed capital formation, nowadays it accounts for 55-60%.

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