In June 2005 the Syrian government set up a special body to supervise the future financial stock market, and authorized this body to prepare the draft stock market's law. The government is taking considerable steps to establish the basic requirements for this market. All concerned company and commercial laws will be amended accordingly. The market is expected to be ready for commodities and share trading in August 2006. Already, many companies have begun a process of self-regulation to be able to be listed on the market.
Syria's aim is to increase the level of investment in the country, and decrease unemployment rates. It is widely believed that the stock exchange market will give a good boost to the Syrian economy, and will be an essential step towards the country's development.