GEANT - MT Management & Trading

Initially, our main activity was to import and distribute in the local private market the major foodstuffs such as dairy products, cereals, sugar, tea, coffee, and raw materials. In 1980, the prohibition of importation faced by the private sector in Syria obliged us to deal with the public sector by participating in their international tenders for the range of products of our main activity especially the rice, sugar, and wheat and, at the same time, we diversified above activity while participating indirectly in many of the turnkey projects tenders as the exclusive agent of the companies or consortiums that we organized especially for these tenders. In 1985 and due to the lack of foreign currencies in Syria, we succeed by personal efforts, to realize for the first time in the history of Syria two private Protocols of barter deal between the Ministry of Planning in Syria and two European companies. In addition, we managed and executed many barter transactions, among them someones to recover debts due by Syria to worldwide pharmaceutical manufactures and others for a specific purpose such as the case of a contract with Aleppo railways for the supply of wagons to General Company for Phosphate and Mines which we executed against Syrian Rock Phosphate. On the other hand, we have been also involved in the Syrian crude oil business where we granted to ARCADIA PETROLEUM LIMITED - UK a long-term contract to lift Syrian light crude oil that has been revolving for many years.