Real Estate & Construction

UPDATED on September 23: Reports have emerged that ISIS has taken over a cement plant that represents the largest foreign investment in the country outside the oil sector.
The Damascus Governorate is establishing a holding company to redevelop two informal areas located on the outskirts of the Syrian capital that were largely supportive of the uprising.
Syria has extended a ban on the import of Portland cement for three more months.
Al-Badia Cement said that operations at its plant located outside Damascus have resumed after a suspension of several weeks.
A Syrian official has said that the Government was considering renting out the homes of absentee homeowners to internally displaced people, raising a wide debate among Syrians.
The Syrian Government owes billions of pounds to building contractors, according to the head of the contractors union.
The Syrian Government is pursuing its policy of price controls and has now set limits to the profit margins that can be generated in the cement supply chain.
The cost of construction for housing units in Damascus more than doubled last year, according to estimates from a state entity.
The government has announced that a gang forging property records worth billions of pounds in Aleppo has been arrested.
The production of Portland cement by Syrian state plants continues to be well below planned levels.
Real estate prices remain high in the coastal area where a growing number of Syrians find refuge.
The state’s real estate development body has announced that it had selected ten new areas to serve as development areas to be offered to potential investors.
The production of Portland cement by Syria’s state-owned plants declined by more than 50 percent in the first three quarters of this year compared to the same period of 2012.
The price of cement sold by state-owned companies has been raised again, the fourth such rise in 18 months.
Al-Badia Cement, one of Syria’s leading cement manufacturers, has reported a decline in revenues and a steep rise in losses over unrealized foreign exchange costs.


Export Financing
Damascus Chamber of Commerce
2nd International Finance Markets Investment Forum 2011
Sheraton Hotel Aleppo