Experts: Syria’s Industrial Activity Declined 80% Since 2011

Syria’s Economy Work Group said in its latest report in that Syria’s industrial activity declined by 80% since the outbreak of the uprising in 2011. The report said that around 60,000 industrial facilities out of 100,000 are totally or partially destroyed as a result of fighting. It also said that  40 the overall losses of the industrial sector of Syria, which accounted for 17% of the GDP in 2010, exceeded 100 billion USD, while the reconstruction of the industrial sector will cost around 21 billion USD. This report titled “Economic Map of New Syria, Industrial Sector,” followed a series of reports released by the Group. The reports deals with the damage inflicted on vital sectors in Syria, including oil and gas, electricity, transportation and roads, and fiscal and monetary policies. The report is a study of the potentials of the Syrian economy, and a raw material that will enable the Syrian people to evaluate the performance of the future governments. (Source: Al Sharq Al Awsat)