Real Estate & Construction

16-01-2018
The Syrian regime is planning to extend to all of Syria a law that enables the displacement of populations from informal housing areas under the pretext of building modern real estate development projects.
16-01-2018
A new Syrian investor has signed an agreement to invest in the Basatin Al-Razi real estate area near Damascus.
09-01-2018
A Syrian businessman, little heard of until recently, has signed two contracts worth hundreds of millions of dollars to participate in the development of the controversial Basatin Al-Razi project.
09-01-2018
The Pharaon Investment Group has taken over the management of the state-owned Adra Cement Plant, which it will seek to develop.
21-11-2017
Samer Foz has been granted the right to develop real estate properties worth hundreds of millions of dollars in the Basatin Al-Razi project in Damascus.
14-11-2017
Rami Makhlouf established earlier this year yet another company to invest in the Syrian real estate sector.
07-11-2017
Despite its large portfolio of non-performing loans, the Commercial Bank of Syria has disbursed a significant amount of money to help fund infrastructure work in the controversial Basatin Al-Razi development.
31-10-2017
Russian investors are increasingly eyeing Syria’s land and real estate properties, which are among the few valuable assets the Syrian regime can still hand over to its cronies and allies.
17-10-2017
A government media has admitted that residents of the controversial Basatin Al-Razi area that were expelled have not been offered any alternative accommodation despite a legal obligation and formal commitments by officials to do so.
10-10-2017
Lafarge, the French building materials global company, reportedly paid various armed groups in Syria, including the Islamic State, in order to protect its factory located in the north of the country as it hoped to remain operating and benefit from reconstruction.
02-10-2017
Lebanon’s Fattouche Group, which is reportedly close to powerful Syrian regime figures, is set to establish a new cement manufacturing plant in Syria, as part of other projects, in what would be the largest private sector investment in the country in years.
26-09-2017
The Syrian Government’s drive to collect more revenues from its real estate properties has started to generate some results, government officials have said, as another source of revenues being considered is an increase in taxation on properties.
05-09-2017
The Syrian authorities have approved the latest version of a draft law that is supposed to enable the issuance of new property documents for those who have lost them, although the text worries many Syrians.
08-08-2017
One of Syria’s most powerful cronies has taken a key business interest in the most lucrative real estate developments in the Syrian capital.
05-06-2017
Based on initial data, the sale of Portland cement in Syria is likely to rise this year, indicating an increase in demand in the real estate market.

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