Real Estate & Construction

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.
The Aleppo City Council has announced the beginning of development works on a large informal housing area that has been emptied from its residents.
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.
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.
Syrian government institutions have published in recent weeks their estimates of the value of the destruction in several areas and business sectors.
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.
The Homs City Council has finalized new zoning plans for three centrally located parts of the city.
Syrian state entities have signed contracts worth several dozens of millions of dollars to buy heavy machinery from China and Russia.
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.
A prominent UAE investor visited Damascus today, representing a rare case of an influential figure from the Gulf countries travelling to Syria since 2011.
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.
The government has identified four suburbs of Damascus as potentially the first to fall within the rules of the controversial Law No. 10.
The government is seeking investors to build a 3-million-ton cement plant in Aleppo after Iran refused to provide funding.
Numbers from various sources indicate a slight improvement in demand for cement last year, which is one more indication that some sectors of the Syrian economy started recovering in 2017.
Cement sales by state-owned companies declined in the first quarter of this year, according to official data.


Investment Facilities at the Industrial City of Adra
Damascus Chamber of Commerce
Syria: Progress & Potential
BIS Conference Centre, 1 Victoria Street, London SW1