Real Estate & Construction

14-01-2019
As expected, the contract for the development of the Yalbagha real estate compound in central Damascus has been awarded to Wassim Qattan, 45 years after works on the project started.
08-01-2019
The potential award of one of Damascus’ prime real estate plots to one of the most prominent business figures to have emerged from the war highlights the importance some new business figures have taken.
08-01-2019
Preliminary data indicate that demand for cement, a proxy for construction activity, was at best stable last year.
17-12-2018
Chinese investors, among others, have recently been visiting the site of the Marota City project, which is struggling to attract investors and funding.
13-11-2018
By announcing a launch date for the first real estate development project under Law 10 and by amending the text of the law, the Syrian government has confirmed that it had no intention to scarp this highly controversial text that could see countless Syrians across the country expropriated.
30-10-2018
The Aleppo City Council has announced the beginning of development works on a large informal housing area that has been emptied from its residents.
30-10-2018
The Damascus Countryside governorate has granted contracts worth SYP 3.5 billion (USD 7.5 million) to remove rubble from the streets of destroyed cities in the governorate.
23-10-2018
Despite statements by UN officials that Law No. 10 would be cancelled, the Syrian regime does not look set to withdraw it or stop the largescale dispossession of Syrians from their lands.
02-10-2018
Despite the absence of any current major construction works, Russia and Iran are trying to position themselves for future opportunities in the building materials industry.
25-09-2018
The Homs City Council has finalized new zoning plans for three centrally located parts of the city.
25-09-2018
Syrian state entities have signed contracts worth several dozens of millions of dollars to buy heavy machinery from China and Russia.
04-09-2018
Home owners in the mostly loyalist Damascus suburb of Adra Al-Omalia will have to pay 40 percent of the reconstruction cost of their properties, according to a government official.
07-08-2018
A prominent UAE investor visited Damascus today, representing a rare case of an influential figure from the Gulf countries travelling to Syria since 2011.
03-07-2018
Cement manufacturer Lafarge was charged last week by a French court with complicity in crimes against humanity, financing terrorists and endangering people’s lives, for allegedly paying millions to takfiri groups, including the Islamic State, to keep its factory in Syria open.
03-07-2018
The government has identified four suburbs of Damascus as potentially the first to fall within the rules of the controversial Law No. 10.

Events

6th Damascus Insurance Forum
Four Seasons Hotel
Tenders and Contracts
Damascus Chamber of Commerce