Real Estate & Construction

The Syrian Government has designated a new real estate development area outside Damascus, one of several similar locations designated by the Government across the country in the last few months.
The Kuwaiti Syrian Holding Company (KSH) has begun excavation works on a new high end residential project in Yaafour, according to its Chairman, Mahmoud Al-Nouri.
Avrasya, a Turkish company specialized in the management of passenger bus terminals, has bought a 50 percent stake in Aleppo Gate, a Souria Holding subsidiary.
Renaissance Construction, a Russian-Turkish company, has bought a stake of 30 percent in the USD 180 million Taj Halab real estate development in Aleppo.
Sarhad Haffar, the General Manager of Emaar IGO, the company developing the Eighth Gate project in Yaafour, outside Damascus, has resigned.
Guris, a Turkish conglomerate, has held a ceremony to mark the beginning of the works on the last phase of its EUR 285 million cement plant under construction in northeast Syria.
The Peasants Union and the Damascus Trade Union have simultaneously called international and local companies to submit offers for the management of two tourism and commercial centres.
Sale and rental prices across most of Damascus fell last year with the rental market, both for residential and office space, being the most affected, according to data gathered by The Syria Report.   Updated on January 12, 2011  
The Syrian Government has approved a draft law that will ease the access to real estate properties to foreigners.
Souria Holding has signed an agreement with Banque Bemo Saudi Fransi (BBSF) to lead a syndicated loan for the financing of its Abraj Souria development in central Damascus.
The residential section of the Industrial City of Hessia has been designated by the Syrian Prime Minister as the first real estate development area to be governed by Law 15/2008.
Emaar Syria will start issuing tenders for works on a shopping mall in its Eighth Gate development outside Damascus before the end of the year, Sarhad Haffar, the General Manager, has said.
Nine local and regional companies have been pre-qualified as main contractors for the first phase of the Cordoba Hills Development.
Bena Properties, the real estate investment arm of Cham Holding, will launch a 3 million sqm mixed-use residential development for sale in the first quarter of next year, according to Hawazen Esber, its CEO.
A recent Presidential decree is expected to help increase the supply of real estate properties in Syria’s main cities by forcing land owners to build.


City View 2011 - Damascus
Four Seasons Hotel
Bank Credit Guarantees
Damascus Chamber of Commerce