Real estate & Construction


Al-Aqeelah, a Kuwaiti Investment Fund, is finalizing an agreement with the committee in charge of supervising the holy shrine of Sayyeda Zaynab in Damascus, for the commercial development of the shrine.

Saudi-based Al-Oula Company for Real-Estate Development has signed a memorandum of understanding with the state-owned General Establishment for Housing to set up a holding company with a capital of EUR 350 million that will build housing schemes in Syria.
City planning came under the spotlight this month during a three-day conference in Damascus held between the Syrian Ministry of Local Administration and Environment, representatives from the Marseilles office of the World Bank and the United Cities and...
The Syrian Government has decided to pour in around SYP 45 billion (865 million) into the real estate market through a program that will provide around 50,000 new flats in the coming five years to the country's youth.
The fall in interest rates as well as new legislation has led to a sharp increase in housing prices since the beginning of the year.