Real Estate & Construction

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.
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.
Syria International Islamic Bank and Ernst and Young Syria are among the companies that will relocate their headquarters in Eighth Gate, Emaar’s development in Yaafour.
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.
Trans Mall, a new 45,000sqm commercial mall located in Homs will open its doors next June.
The Syrian Investment and Development Corporation (SIDC), a newly-established company, has announced the launch of several real estate and hospitality projects worth some USD 3 billion in Syria. The Syria Report has talked with Hicham Al-Eitouni, Advisory board member, on the company's projects.
Gulf Finance House, an Islamic investment bank based in Bahrain, has signed a memorandum of understanding with the Syrian Investment Authority to invest in a number of projects in Syria.
Salam Mall, a new upscale commercial development located near the Damascus International Fairgrounds, should open its doors next August.
The management of the Adra Cement plant, a state-owned company, will be taken over by the Altoun Group, a local firm owned by the Altoun family.


Damascus International Fairground
Food Expo 2011
Damascus International Fairground