Real Estate & Construction

Middle East Shopping Center Consultants (MESCA) of Saudi Arabia has been awarded a contract to develop a major real estate compound in central Damascus.
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.
A number of Syrian investors have won together the contracts to develop several key real estate and transport projects including the Hijaz Station estate in central Damascus.
Damascus is to have its own World Trade Centre, according to Abdul Hamid Dashti, the Damascus representative of the WTC Association
Al-Aqeelah, a Kuwaiti Investment Fund has announced the coming launch of a USD 500 million fund to finance real estate projects in Syria.
Puzant and Leon Yacoubian Trading and Contracting (PLY) has won the contract to build all structural works for the USD 250 million Cordoba Hills Real Estate Development project, west of Aleppo.
The foundation stone has been laid on a USD 500 million real estate project on the outskirts of Damascus.
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.
A new law is bringing down significantly the taxes levied on real estate trade and should help boost investment in the sector.
The Aref Investment Group, a Kuwaiti holding group, announced that it was working in cooperation with seven other Kuwaiti firms to launch a USD 4 billion real estate project in Damascus, the Development and Investment City.
The Dubai-based real estate company "Emaar" unveiled in a press conference held in Damascus two real estate projects worth a total of USD 3.9 billion.
Hundreds of businessmen gathered in Damascus on August 28 to participate in the first major conference on the real estate sector to be held in the Syrian capital.
The Syrian Government is preparing a new law to attract domestic and foreign capital into the real estate market.
The rise in price of real estate in Syria, and in Damascus in particular, is expected to pause in the second half of the year, according to analysts in Damascus.
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...


Taxation in Syria
Damascus Chamber of Commerce
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Damascus International Fairground