Nigeria, Syria plan to build cement factory

Nigeria, Syria plan to build cement factory
Published: 17 November 2008

Plans have reached an advanced stage for Nigeria and Syria to establish a cement factory, Mr. Mohammed Hassan, the Charge d’Affairs, Nigerian Embassy in Damascus, said.

Hassan said in an interview in Damascus: "I may be going with some Syrian business group to Nigeria in the coming few months when all agreements are formally finalised to that effect.

"This is in line with President Umaru Yar’Adua’s vision of making the country one of the 20 most advanced economies in the world."

According to Hassan, this is the outcome of agreements signed by the presidents of both countries in 2006.
He noted that Nigeria had a healthy and robust economy being one of the largest exporters of crude oil in the world and an important member of OPEC.

"Today, the Nigerian investment climate is one of the most liberal and dynamic in Africa and the world. We also want to encourage the Syrian business community to come to Nigeria.

"The Nigerian business environment is really accommodating for foreigners and we are looking for a day to have many businessmen from Syria going to Nigeria to invest,’’ Hassan said.

The News Agency of Nigeria (NAN) recalls that both countries signed Trade and Economic Co-operation, Cultural, Educational and Scientific Co-operation and Air Services Agreements.