Real Estate & Construction

Al Badia Cement has signed a Memorandum of Understanding with China’s CBMI to build a cement plant in the area of Abu Al Shamat near Damascus.
Akar Development Company, a fully-owned subsidiary of Al-Zaim Holding, has announced the completion of 80 percent of the infrastructure work in its Cordoba Hills real estate development near Aleppo.
The Ouais Group has won the contract to build the Jasmine Hills Real Estate development, located in the area of Yaafour, near Damascus.
Spanish hotel and resort chain Sol Melia will manage the Ibn Hani Bay resort being currently developed in Lattakia.
Syria’s Prime Minister Naji Al-Otri laid, on February 25, the foundation stone of the Jasmine Hills real estate project.
Emaar, the UAE real estate developer, has established a USD 100 million joint-venture with Cham Holding, Syria’s largest holding firm.
Emaar Syria announced that it was starting the sale of office space in its Eight Gate project from Dubai to Syria and UAE investors.
Souria Holding has signed a BOT contract with the City Council of Aleppo to build and develop a major real estate project, Aleppo’s Gate.
A group of local and Arab investors have signed a BOT contract with the Homs City Council to build a SYP 1.8 billion real estate development in that city.
Syria's production of cement could exceed 30 million tons per annum by the end of 2011, according to statistics from the Syrian Investment Authority and the General Establishment of Cement and Building Materials.
Emaar-IGO has signed two contracts for the infrastructure works and the construction of four buildings in its USD 500 million Eighth Gate project, west of Damascus.
Conser Consulting has won a contract to provide engineering & consulting studies for the development of the Cordoba Hills project by Akar Development.
During his visit to Syria to attend the official launch of the Arab Orient Insurance Company- Syria (AOICS) in Damascus, Mr.Omar Al-Futtaim, CEO of Al-Futtaim group, announced that his company would study the possibility to build a Damascus Festival Ci...
Tameer Holding, one of the UAE’s largest real estate developers, will invest next year in a residential project in Syria, according to Omar Ayesh, its President.
Emaar-IGO will start construction works at the Eighth Gate project within a month at most, according to Sarhad Haffar, general manager of Emaar Syria.


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