Real Estate & Construction

Sales of cement in Syria increased by around 17 percent last year, indicating an increase in construction activity despite the Covid-19 pandemic and a significant drop in the population’s purchasing power.
The Syrian government has inaugurated the first project in one of the country's designated real estate development areas after years of struggling to attract serious investment
Syria has once again hiked prices for Portland cement, although stable production at state-owned factories and a continuous flow of the building material from Lebanon and Turkey has kept supply levels high.
The government has increased the price of portland cement to close the gap with its black market rate, while construction costs as a whole are continuing to rise.
The end of June 2020 saw the Ministry of Finance cancel precautionary seizures of properties belonging to 617 former armed and civilian opposition leaders in Daraa, including Ahmad Al-Odeh, now commander of the Russian-backed 8th Brigade of the Syrian Army’s 5th Corps.
More than four decades after government authorities expropriated local land, residents of a village west of Damascus are still banned from renovating or building homes and have yet to receive any compensation for their losses.
The seizure of a Kurdish activist’s property in northern Syria highlights the complexity of the situation there and the competing roles of local councils, armed forces and Turkish institutions.
Al-Badia Cement has reported a relatively strong increase in its 2019 sales, although its performance this year has already suffered markedly from the worsening business environment.
The deadline for building an alternative housing project within Marota City has passed without success, with the government proving unable to fund the project.
The Qaboun industrial zone, a rare manufacturing zone within the capital’s administrative boundaries, will be demolished and redeveloped as a residential and commercial district under Law No. 10.
The Damascus governorate approved on June 25 the preliminary new zoning plan for the Yarmouk Palestinian refugee camp just south of the Syrian capital.
Five people, including three Lattakia City Council members, died when an unlicensed four-storey building collapsed in the informal Al-Ghurraf neighbourhood of Lattakia’s Al-Ramal Al-Janoubi district after city authorities moved to demolish the structure on June 24.
The prices of building materials in the local market have been extremely volatile over the past two months because of the ups and downs of the currency rate and higher tariffs. The fluctuations are almost certain to curb construction activity.
The Damascus governorate has released a new zoning plan, No. 105, for Qaboun, a formerly embattled and now heavily damaged residential district just north of the capital.
Government forces, including some affiliated with Iran, have taken positions in civilian houses in the Yarmouk Basin area, preventing some residents from returning to their villages years after Islamic State-aligned fighters were defeated. The area is in the western countryside of the Daraa governorate and is of strategic importance because it is located along the Israeli border.


SyriaMEP 2020
Damascus International Fairground
Computer & Technology Show
Boulevard Damascus