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Syrian Monitoring Project May End as Italy Firm Weighs Options
Author: Vernon Silver and Ben Elgin, Bloomberg, Published on: 9 November 2011
Area SpA, the Italian company building a Syrian surveillance system, is weighing options that may include exiting the deal, according to Chief Executive Officer Andrea Formenti...Area...issued a statement yesterday saying the company does not have, and has never had, any relations with Syrian intelligence agencies or military authorities. It also said there had been no acceleration of the project during the country’s unrest. The statement said the system hasn’t been completed, has never been operational and, as a result, can’t have contributed to any repressive actions. Area won the deal in 2009, long before the current violence, the statement said.