The Public Establishment for Damascus International Fair was founded by Act no. 40 dated 1955 issued by President of the Republic.

Name and tasks of the Establishment were amended by the legislative decree no 68 dated 2001, when it assumed its current name and the following responsibilities:

Organizing and holding quality fairs and exhibitions , national and international inside the Syrian Arab Republic

Organizing the participation of the Syrian Arab Republic in the fairs and exhibitions abroad, taking relevant procedures and suggest delegates.

Organizing and holding Syrian Products markets abroad and suggest delegates.

Coordination and contribution with other Public Authorities which organize fairs and exhibitions inside Syria and abroad.

Supervision on fairs and exhibitions organized by private enterprises inside Syria and abroad.

PEIFE also is the sole authority in the Syrian Arab Republic permitted to issue lottery.

Organizing Damascus International Fair, however, was and still is one of the most important tasks of PEIFE.