Complex Made Simple

Iranian firms open in Syria

Hama cement factory and carmaker Saipa's Saba production line will be inaugurated in the presence of Iranian and Syrian officials in Syria, reported Tehran Times. The cement plant, a joint venture, constructed through a $200m investment will have the capacity to produce one million tons annually. While the Civico plant, the Saba assembly line, is the second Iranian-Syrian joint venture. Saipa holds 80 per cent and the Syrian side 20 per cent of Civico's shares. The plant's initial annual output capacity stands at 5000 sedans, but the figure could soar to 15,000.