Real Estate & Construction

Urban Development Group (UDG), a Syrian-based private firm, will lay the foundation stone of its first mixed-use development project, Yafour Gardens, on July 18.
The Syrian President has passed into law a new text regulating the activities of housing cooperatives.
Construction works at the Hijaz Station estate are now expected to start in June after they were initially scheduled to begin in February
Orascom Construction Industries (OCI) is launching a 2 million ton cement plant in joint-venture with MAS, a local trading and industrial group
The grand opening of the Palm Village resort, located in the outskirts of Damascus, will take place at the beginning of June, after a one-year experimental period
Shahba Mall, Syria’s largest commercial centre, is expected to open its doors in April 2008
Queen Palace Company of the United Arab Emirates will develop the Yalbugha complex, a major real estate compound in central Damascus, after the initial contract with Saudi-based Middle East Shopping Centre Consultants was cancelled.
The Syrian Government has approved the draft Real Estate Development and Investment Law
The Kahale Group has emerged recently as one of the most important local investors in the real estate sector in Syria
The Dubai-based real estate company "Emaar" will start developing its USD 500 million Eighth Gate project by the end of the first quarter of 2007, according to Moafaq Al Gaddah, Chairman of the Investment Group Overseas (IGO), an offshore inv...
Majid Al Futtaim Group (MAF), one of the region's leading property developers, plans to build an integrated tourism city in Sabboura, in the outskirts of Damascus, at a total investment cost exceeding USD 1 billion.
Amlak Development Company has signed a contract with Aleppo’s City Council (ACC) to develop the Tarek Bin Ziad Barracks project.
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.


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