Real Estate & Construction
An investigation into cement manufacturing group Lafarge's Syria activities was opened by French prosecutors in October, AFP said.
After the news of the destruction of the Jihar gas plant near Palmyra last week, another large state-owned economic asset is now reported to be requiring hundreds of millions of dollars to be repaired.
The Syrian government is reportedly planning to impose across the country a law that effectively dispossessed many Damascus residents of their properties.
The poor level of construction activity is leading to an increase in stockpiles at Syrian cement manufacturing companies.
A French NGO has filed a lawsuit against French cement producer Lafarge and its Syrian subsidiary for its alleged past dealings with the Islamic State.
Portland cement production in the first nine months of this year remained stable on annual basis, official data show.
Only weeks after it took back control of the Damascus suburb of Darayya, the government is already planning to implement there a large real estate development project.
The Damascus governorate is set to launch a new holding company to develop real estate projects in the capital.
The destruction of dozens of small cafés and shops located on the seaside of Jableh, apparently to make way to a large real estate development project, has created significant discontent in this coastal town traditionally supportive of the regime.
The Syrian Government is disbursing a large loan to help kick-off a controversial real estate development in Damascus after lacklustre interest from potential buyers.
A fire that spread in the land registry of the city of Manbij after it was taken over by PYD-led forces last week has highlighted again the sensitive issue of land ownership in Syria.
The volume of Portland cement produced and sold by Syrian state-owned enterprises in the first half of 2016 increased compared with the same period of last year, although they remain well below pre-uprising levels.
Lafarge, the French building materials global company, has been accused by a French newspaper of contributing to finance indirectly the Islamic State through its operations in Syria.
The Syrian Government is preparing the tender documents to attract investors to collect and recycle dozens of millions of tons of rubble that originate from the destruction that its army has created.
Al-Badia Cement Resumes Operations as Lafarge Plant is Reportedly Turned into a Military Base for U.S. Troops
Al-Badia Cement, a large cement manufacturing plant located near Damascus, has announced that it is resuming gradually its operations, weeks after its main factory was attacked by the Islamic State.
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