Real Estate & Construction
The implementation instructions of Law 15/2008, governing investment in the real estate sector, are expected within weeks, according to Yasser Sibai, head of the Real Estate Development and Investment Commission.
The Syrian-Kuwaiti Al-Jaz Group (SKJG) plans to build a shopping mall in Raqqa, the first shopping center to be built in the eastern region.
Emaar- IGO has revised significantly upwards the total cost of its Eighth Gate project in Yaafour.
Works on the SYP 15 billion Abraj Souria Towers should start next September, according to Shadi Karam, CEO of Souria Holding.
The Syrian president has issued a new law authorizing the registration of property that lies within illegal housing areas.
The rehabilitation and development of the Qassioun Hill could cost up to USD 500 million according to estimates of the Municipal Administration Modernization Programme, an EU-funded project.
Akar Development, a fully owned subsidiary of Al-Zaim holding, has announced the completion of infrastructure works in its USD 680 million Cordoba Hills project near Aleppo.
Egypt’s Porto Marina has been awarded the contract to manage the Antaradus sea resort in Tartous, according to Hassan Taher, general manager of Wahoud Group (WG), the firm developing the project.
Emaar-Syria will launch a tender for the construction of four furnished apartment buildings and three office buildings in the Eighth Gate project before the end of this year, according to Sarhad Haffar, general manager.
Majid Al Futtaim, a property and shopping malls developer based in the UAE, has announced that it planned to invest USD 1 billion in building Syria's largest mixed-use development.
The Syrian president has issued a new decree that aims to curb the development of illegal housing.
GS Real Estate has completed the sale of the first phase of residential units in Murooj Valley, the latest real estate development by IGO.
The Kuwaiti Syrian Holding Company (KSHC) has announced that one of its subsidiaries, Al-Nasser Gardens Holding Company, had signed a conditional purchase contract, through its Syrian affiliate, Al-Nasser Gardens Syrian Joint Stock Company (an affilia...
Kuwait Financial Center is building a USD 30 million office tower south of Damascus in joint-venture with the Kahale and Marouf Groups, two Syrian firms.
Aref Investment Group, a Kuwaiti holding, will begin construction works on a USD 320 million real estate development in Syria early 2009.
Dama Rose Damascus Hotel
Investment Facilities at the Industrial City of Adra
Damascus Chamber of Commerce