The administration of the Hasya Industrial City in Homs governorate signed a memorandum of understanding with the Innovation and Technology City company to study the feasibility of developing the "Innovation and Technology City – Hasya" project on an estimated 1,540 hectares.
The proposed project aims to create an integrated economic, industrial and technology city. The parties expect it to provide about 52,000 jobs.
The proposed city would include:
The next steps include technical, economic, financial, environmental and legal studies and a feasibility assessment, ahead of completing approvals and negotiating the final investment or development agreement.
