DIB focuses on Syria as expansion plans unfold

The delegation was headed by Mohammad Al Ameery, DIB's Senior Vice President and head of branches. He said: "The bank is committed to seeking investment opportunities in Arab and international markets. Our presence here in Syria reflects our interest in the country and DIB's determination to extend its investments and benefit from the opportunities that are available in the region."

The delegates took the opportunity presented by the conference to hear from Dr. Mohammad Hussein, Syria's Finance Minister who inaugurated the exhibition, officials and local businessmen. They were given a very positive picture of developments in the country and introduced to the increasing investment opportunities that are emerging as Syria moves towards a full blown market economy in the wake of its membership of the Arab Free Trade Organisation.

Dr. Hussein said Syria is embarked on a programme of major economic reforms that includes measures to facilitate the access of private banks into the Syrian markets. He revealed the government's blueprint for a framework to encourage the formation of limited companies and establish a multi-tiered financial market.

Mohammad Al Ameery added: "DIB recognises the importance of enhancing trade and investment relations within Arab countries. We are encouraged by the large scale economic developments that are taking place in the country.

"This visit will help us identify the opportunities available for DIB within this market. Our participation in the exhibition was extremely worthwhile and opened our eyes to what is possible."