Real Estate & Construction

21-01-2012
The head of Syria’s cement manufacturing body said total output by Government-owned plants fell 10 percent last year, attributing the decline to competition from the private sector.
09-01-2012
A law issued on the last day of 2011 has enabled Syrian landlords to recover their properties leased to state administrations although a last minute change to the text has postponed its application some 3 years.
12-12-2011
The Syrian Government has approved the establishment of a new authority and fund to oversee the development and reorganization of random housing areas surrounding the country’s main cities.
13-11-2011
Syria’s state-owned cement plants produced a total of 3.87 million tons in the first nine months of this year, according to the entity in charge of the sector.
16-10-2011
The recent price increase in fuel oil is creating significant difficulties for the country’s state-owned cement plants for which the item represents a major cost component.
03-10-2011
The Damascus Governorate has re-issued for the third time a tender for the design and regulatory study for the development of informal areas in and outside Damascus.
08-08-2011
MAF properties has said that it has begun infrastructure and foundation works on its USD 1 billion real estate development in the area of Yaafour, west of Damascus.
11-07-2011
Al-Badia Cement, one of two private sector manufacturers of cement in Syria, announced a capital reduction while works on a second production line have been postponed.
26-06-2011
Emaar IGO issued a press release saying it had already delivered 315 office units in the first phase of its Eighth Gate compound outside Damascus and that it was continuing works on the project.
29-05-2011
The Hassia Industrial City of tender has issued a tender for the conduct of the urban and infrastructure design of a residential compound that will host people working in it.
16-05-2011
Sendos Investment and Development has begun works on the latest upscale residential project in West Yaafour, The Address.
04-05-2011
The surge in demand for cement, reported by the state entity in charge of the sector, confirms the boom in illegal construction activity witnessed across Syria since the beginning of the unrest in mid-March.
25-04-2011
The current unrest across Syria is benefiting one key sector of the economy, real estate, as the population is trying to capitalize on the Government’s reluctance to repress or ban construction works in illegal housing areas.
13-04-2011
Akar Development has signed two deals with local banks for the supply of mortgage finance for future home owners in its Cordoba Hills development near Aleppo.
11-04-2011
Syrian President Bashar Al-Assad has issued a new decree easing the process for foreigners to acquire real estate property.