Real Estate & Construction
The Syrian President issued on March 24 a decree easing the rules for acquiring lands and real estate properties in border areas, a major demand of protesters who have taken to the street in Daraa in the last 10 days.
Syria’s state-owned cement plants produced 5.65 million tons and generated SYP 4.1 billion in net profits, according to the Ministry of Industry.
A recent survey by the Central Bureau of Statistics shows that the vast majority of people leaving in illegal housing areas in Syria benefit from the same services as those living in regulated zones.
Arabian Cement and Building Materials Company, a state-owned cement manufacturer, is seeking an international consultancy to help improve the company’s operations.
The Syrian Government has designated a new Real Estate Development Area outside Damascus, one of several similar locations designated by the Government across the country in the last few months.
The Kuwaiti Syrian Holding Company (KSH) has begun excavation works on a new high end residential project in Yaafour, according to its Chairman, Mahmoud Al-Nouri.
Avrasya, a Turkish company specialized in the management of passenger bus terminals, has bought a 50 percent stake in Aleppo Gate, a Souria Holding subsidiary.
Renaissance Construction, a Russian-Turkish company, has bought a stake of 30 percent in the USD 180 million Taj Halab real estate development in Aleppo.
Sarhad Haffar, the General Manager of Emaar IGO, the company developing the Eighth Gate project in Yaafour, outside Damascus, has resigned.
Guris, a Turkish conglomerate, has held a ceremony to mark the beginning of the works on the last phase of its EUR 285 million cement plant under construction in northeast Syria.
The Peasants Union and the Damascus Trade Union have simultaneously called international and local companies to submit offers for the management of two tourism and commercial centres.
Sale and rental prices across most of Damascus fell last year with the rental market, both for residential and office space, being the most affected, according to data gathered by The Syria Report. Updated on January 12, 2011
The Syrian Government has approved a draft law that will ease the access to real estate properties to foreigners.
Noor International Holding, a Lebanese real estate developer, has announced that it won a contract to develop a new mixed-use project in Homs.
Damascus International Fairground
Damascus 1st Tourism Shopping Festival