Real Estate & Construction

The interest of Chinese companies in Syria, in particular for its real estate and building materials sectors, seems to be growing.
The Katerji brothers are negotiating to expand their investments in Aleppo, confirming that they have become the main business actors in Syria’s second largest city.
On October 5, the Ministry of Public Works and Housing announced that it had received the first shipment of construction equipment from Stroyexpert, a Russian architectural and construction firm.
Al-Badia Cement has received the final approval for listing in the Damascus Securities Exchange.
Damascus Cham Holding has posted profits last year, according to a local media.
Damascus Cham Holding is kickstarting Basilia City as it launches an initial phase of studies on its landmark real estate project.
The Syrian government has held in Damascus on August 3 a conference on the housing sector with the aim, among others, to develop its National Housing Strategy.
Milihouse, a state-owned contractor and real estate developer, has multiplied by around five the price at which it is selling affordable homes, mostly in loyalist areas.
The Syrian Cabinet approved this month the establishment a new real estate development area, according to a local media.
The housing units that were supposed to host the expropriated residents of the Basatin Al-Razi area, now Marota City, will probably never be built.
The Qaboun suburb of Damascus is to be redeveloped under Law 10 after the Damascus Governorate approved its masterplan.
The Damascus governorate intends to build around a dozen parking spaces below several public gardens in the city.
The Real Estate Bank has announced that it is granting a loan to a contractor linked to the Ministry of Defence to build residential suburbs across Syria.
A dispute over the ownership of agricultural lands located near the Lebanese border is pitting farmers against a powerful local figure, a state-owned newspaper reports.
Damascus Cham Holding announced on June 15 that it had granted the first construction permit on the Marota City project.