BUSINESSWEEK ONLINE : SEPTEMBER 4, 2000 ISSUE
INTERNATIONAL -- THE MIDDLE EAST

Syria's Plans for Reform


BANKING
Begin building a banking system initially through joint ventures with public-sector banks. Eventually, foreign-owned banks will be welcome.

CAPITAL MARKETS
Revise antiquated laws governing companies. Eventually, introduce a stock market.

TECHNOLOGY
Syria is tendering for two GSM mobile-phone licenses valued at about $300 million. Ericsson and Siemens have supplied equipment for currently operating pilot systems.

TRAINING
Spend about $1 billion on training schemes designed to reduce unemployment and upgrade technological skills.


DATA: BUSINESS WEEK


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RELATED ITEMS
The Rough Road to Reform (int'l edition)

TABLE: Syria at a Glance

TABLE: Syria's Plans for Reform



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