Real Estate & Construction
The Syrian government is considering establishing a new body to oversee and manage all land and real estate assets it owns across the country in a bid to maximize the revenues it generates from them.
An official from the Damascus Governorate has said that dozens of companies are interested in contributing to the Mazzeh District development, although the funding for the project is still not guaranteed.
The Homs governorate is establishing a joint stock company to manage its assets, include real estate properties and minerals, that will likely seek private investors grab public assets and benefit disproportionately from the reconstruction of the city.
Two powerful Syrian investors are establishing a company in joint-venture with state entities to bid for potential reconstruction contracts despite an apparent lack of funding.
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.
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