Real Estate & Construction

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.
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.
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.
One of Syria’s most powerful cronies has taken a key business interest in the most lucrative real estate developments in the Syrian capital.
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.
The production of cement in Syria last year was stable, the first time it did not decline since 2011.
The Syrian government is considering establishing a new body to oversee and manage all land and real estate assets it owns across the country in a bid to maximize the revenues it generates from them.
An official from the Damascus Governorate has said that dozens of companies are interested in contributing to the Mazzeh District development, although the funding for the project is still not guaranteed.
The Homs governorate is establishing a joint stock company to manage its assets, include real estate properties and minerals, that will likely seek private investors grab public assets and benefit disproportionately from the reconstruction of the city.
Two powerful Syrian investors are establishing a company in joint-venture with state entities to bid for potential reconstruction contracts despite an apparent lack of funding.
An investigation into cement manufacturing group Lafarge's Syria activities was opened by French prosecutors in October, AFP said.
After the news of the destruction of the Jihar gas plant near Palmyra last week, another large state-owned economic asset is now reported to be requiring hundreds of millions of dollars to be repaired.
The Syrian government is reportedly planning to impose across the country a law that effectively dispossessed many Damascus residents of their properties.
The poor level of construction activity is leading to an increase in stockpiles at Syrian cement manufacturing companies.
A French NGO has filed a lawsuit against French cement producer Lafarge and its Syrian subsidiary for its alleged past dealings with the Islamic State.


City View 2011 - Aleppo
Sheraton Hotel Aleppo
Investment Facilities at the Industrial City of Adra
Damascus Chamber of Commerce