Real Estate & Construction
The Syrian-Kuwaiti Al-Jaz Group, a company founded in 2007 with investment projects in the eastern and northern regions of the country, has gone bankrupt only a few months after it began operating.
Fawaz Al-Khateeb Group, a UAE-based company, is developing a residential compound in Kasab, a small town overlooking Syria’s coastal area.
Emaar-Syria has begun the sale of apartments in its Eighth Gate Compound in Yaafour, outside Damascus.
The Aga Khan Development Network is financing a SYP 1 billion project to turn the Bab Qinesrin area of Aleppo into the largest park in the Middle East.
Syria will set up a fund of SYP 10 billion to fund development projects in informal housing areas across the country, Tamer Al-Hijjah, Minister of Local Administration, said.
The Syrian President has enacted a law that is meant to organise land-use planning, protect environment-sensitive and cultural areas and put a limit on informal settlements around Syria’s largest cities.
Sixth of October Development & Investment Company (SODIC), an Egyptian developer, has acquired a stake of 50 percent in Palmyra Real Estate Development Company, a subsidiary of the MAS Group.
A new major real estate development, with a total land area of 350,000 square metres, is under construction north of Aleppo.
A new large real estate development is to be built in Yaafour over an area of 31,000 hectares.
Emirates Private Development & Investment-Syria has begun the sale of apartment units in Cordoba, a new residential project in Sabboura, outside Damascus.
CPC Syria will build a USD 75 million commercial mall in Homs to be developed by a local businessman, Issam Anbouba.
Emaar-IGO has started to hand over office units in its Eighth Gate development in Yaafour. By next September the first companies are expected to relocate in what is the largest real estate project currently under development in and around Damascus. The...
Rental and sales prices for office space in central Damascus increased significantly in 2009, before levelling out in the first quarter of this year, according to a recent survey.
The Kuwait Syrian Holding is to start works on a new USD 90 million real estate development in Yaafour, its CEO said.
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