The Syrian government has signed a strategic memorandum of understanding with Chinese company Fidi Contracting, granting it full investment rights in the Hassia Free Zone in Homs Province. The deal aims to establish an integrated industrial area with specialized factories and production facilities, according to the General Authority for Land and Sea Ports.

In a statement posted on its official Facebook page, the authority said the agreement covers an area of approximately 850,000 square meters in Hassia. It also includes the right for the Chinese firm to invest in an additional 300,000 square meters in the Adra Free Zone in the Damascus countryside, where commercial and service-oriented projects will be launched to meet local and regional market needs.

The 20-year agreement requires the investor to implement the project in phases according to a fixed timeline, ensuring economic viability and reinforcing the role of free zones as drivers of development and magnets for foreign direct investment.

The move is part of Syria’s broader strategy to revitalize its free zones and attract foreign capital—particularly from allied countries—while aiming to create job opportunities, promote technology transfer, and increase trade volume through its land and sea gateways.