![](https://web.archive.org/web/20220604184202im_/https://upload.wikimedia.org/wikipedia/commons/thumb/1/11/Syria_%28orthographic_projection%29.svg/220px-Syria_%28orthographic_projection%29.svg.png)
Syria is a country in Western Asia. It is a unitary republic consisting of 14 governorates and is the only country that politically espouses Ba'athism. Since March 2011, Syria has been embroiled in an armed conflict, with a number of countries in the region and beyond being involved militarily or otherwise. Political instability poses a significant threat to future economic development.[1] Foreign investment is constrained by violence, government restrictions, economic sanctions, and international isolation. Syria's economy also remains hobbled by state bureaucracy, falling oil production, rising budget deficits, and inflation.[1]
Notable firms
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark framework. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes |
---|---|---|---|---|---|
Bakdash | Consumer services | Restaurants & bars | Damascus | 1885 | Ice cream parlor |
Bank of Syria and Overseas | Financials | Banks | Damascus | 2004 | Bank |
Banque Bemo Saudi Fransi | Financials | Banks | Damascus | 2004 | Private bank |
Bawabet Dimashq | Consumer services | Restaurants & bars | Damascus | 2002 | Restaurant |
Bena Properties | Financials | Real estate holding & development | Damascus | 2007 | Real estate investment |
Central Bank of Syria | Financials | Banks | Damascus | 1953 | State-owned bank |
Cham Bank | Financials | Banks | Damascus | 2007 | Islamic bank |
Cham Palaces and Hotels | Consumer services | Hotels | Damascus | 1983 | Hotels |
Cham Wings Airlines | Consumer services | Airlines | Damascus | 2007 | Private airline |
Château Bargylus | Consumer goods | Distillers & vintners | Latakia | 2003 | Winery |
Commercial Bank of Syria | Financials | Banks | Damascus | 1967 | State-owned commercial bank |
FlyDamas | Consumer services | Airlines | Damascus | 2013 | Airline |
Hmisho Trading Group | Industrials | Diversified industrials | Latakia | 1988 | Manufacturing and steel processing |
MTN Syria | Telecommunications | Mobile telecommunications | Damascus | 2001[2] | Mobile network, part of MTN Group (South Africa) |
Syria International Islamic Bank | Financials | Banks | Damascus | 2007 | Bank |
Syrian Air | Consumer services | Airlines | Damascus | 1946 | Flag carrier |
Syrian Pearl Airlines | Consumer services | Airlines | Damascus | 2008 | Private airline |
Syrian Petroleum Company | Oil & gas | Exploration & production | Damascus | 1974 | State oil |
Syrian-Qatari Holding Company | Financials | Real estate holding & development | Damascus | 2008 | Holding and investments |
Syrian Railways | Industrials | Railroads | Aleppo | 1956 | Railways |
Syrian Telecom | Telecommunications | Fixed line telecommunications | Damascus | 1994 | State telecom |
Syriatel | Telecommunications | Mobile telecommunications | Damascus | 2000 | Mobile network |
United Group (UG) | Media | Media | Damascus | 2000 | Largest media conglomerate |
Venus Centre | Consumer services | Media | Damascus | 1985 | Dubbing
|
Oil refinery in Homs.
Bank Al-Sharq and the Blue Tower Hotel in Damascus.
See also
References
- ^ a b "Syria". Index of Economic Freedom.
- ^ "MTN Syria JSC: Private Company Information". Bloomberg. Retrieved 2018-03-11.