Marota (60)

17-06-2020

Updated on June 18, 2020: The entry into force today of the Caesar Act expands sanctions on Syria and will increase challenges for the regime and the economy alike. The U.S. administration has also expanded its list of Syrians under sanctions.

10-06-2020

The government has signed two contracts for large investments in the tourism sector reminiscent of similar projects from the pre-2011 era. However, the significant deterioration of the business environment since that time raises doubts about their feasibility.

08-06-2020

This article is an updated and expanded factsheet on the economic and business relations between Syria and Iran as of June 2020.

03-06-2020

The European Union and the United States have renewed their economic sanctions on Syria for another year, but the EU removed two individuals who were involved in the Marota City project.

13-05-2020

Damascus Cham Holding has given more details on one of the large developments it is seeking to promote in Marota City.

06-05-2020

Delays in the Marota City project are generating increasing criticism, including from a prominent Iran-linked investor who believes the project may eventually die.

06-05-2020
14-04-2020

In this 4,400-word factsheet, we provide a profile of the main businesses and economic institutions affiliated with the Syrian Ministry of Defence.

18-03-2020

The list below includes all the Syrian individuals, entities, aircrafts and vessels that have been put under sanctions by the U.S. Administration since 2005.

04-03-2020

The Damascus governorate has awarded three new building permits in the Marota City development, although all are for individual buildings.

26-02-2020

The government’s plan to rebuild the Qaboun industrial area is facing stiff resistance from business owners, who have voiced rare public criticism of the project.

19-02-2020

The list below includes the names of all the individuals that have been blacklisted by the European Union since the beginning of the Syrian uprising in March 2011.

19-02-2020

The list below includes the names of all the Syrian entities that have been blacklisted by the European Union since the beginning of the uprising in March 2011.

19-02-2020

The European Union sanctioned on February 17 several Syrian companies and individuals, including business figures from before the uprising or who emerged during the conflict and are active in sectors such as real estate and oil trading.

29-01-2020

In this 2,700-word factsheet we provide a profile of Damascus Cham Holding, one of the largest Syrian companies that is at the heart of the controversial Marota project.

08-01-2020

The Damascus Governorate has issued two new construction permits in Marota City over the last couple of weeks, raising them to four in total.

11-12-2019

In this factsheet, we look at Syria’s economic relations with the United Arab Emirates.

11-12-2019

The second construction permit for a building in Marota City has been awarded, according to the project’s official Facebook page.

04-09-2019

Damascus Cham Holding has posted profits last year, according to a local media.

27-08-2019

Damascus Cham Holding is kickstarting Basilia City as it launches an initial phase of studies on its landmark real estate project.

31-07-2019

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.

10-07-2019

The Damascus governorate intends to build around a dozen parking spaces below several public gardens in the city.

26-06-2019
19-06-2019

Damascus Cham Holding announced on June 15 that it had granted the first construction permit on the Marota City project.

12-06-2019

The U.S. Treasury blacklisted yesterday 16 individuals and companies that are either Syrians or conduct a significant part of their business in Syria, including Samer Foz and several businesses associated to him.

05-06-2019

The Syrian government is seeking funds for the implementation of what it calls the National Housing Strategy.

29-05-2019

Recent discussions in the Damascus Governorate have highlighted tensions between the governorate’s executive council and its fully owned holding, Damascus Cham Holding.

22-05-2019

The government has announced a new plan to rehabilitate the Barada valley area with the aim of securing water supplies to the Syrian capital and attracting investment in the real estate sector.

20-03-2019

One of Syria’s most prominent new business cronies has been arrested in Kuwait on charges of money laundering.

13-03-2019

While most attention has focused on the Marota City development in Damascus, other Syrian provinces also plan their own real estate redevelopment projects and are setting-up holding companies for that purpose.

13-03-2019

The executive director of Damascus Cham Holding has resigned, citing medical reasons.

06-03-2019

In this article The Syria Report addresses key issues raised in the debate over western sanctions on Syria and makes a number of policy recommendations.

27-02-2019

A Syrian business group is planning to set-up a new freight company dedicated to exports to the UAE.

13-02-2019

Aman Holding has reportedly significantly raised its capital as it seeks to fund its expanding business.

22-01-2019

For the first time, the European Union has put sanctions on the business elite that has emerged from the Syrian war as well as on its most symbolic investment project.

14-01-2019

As expected, the contract for the development of the Yalbugha 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.

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.

26-11-2018

The Syrian President has reshuffled the government and appointed nine new ministers.

11-10-2018

In this 2,200-word factsheet we provide a profile of the Syrian cement sector.

02-10-2018

The main highlights of the 60th edition of the Damascus International Trade Fair, which was held last month, included a relatively large Russian presence, a very limited one by Chinese companies and the absence of announcements of major business deals.

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

The government is seeking investors to build a 3-million-ton cement plant in Aleppo after Iran refused to provide funding.

01-06-2018

In this 2,200-word factsheet we provide a profile of Marota City, the most controversial investment project in Syria.

19-04-2018

In this 2,300-word factsheet we provide a profile of Samer Foz, who in the space of the past two years has risen to become Syria’s most powerful investor.

17-04-2018

Since it was established in 2016 to develop the Marota City development, Damascus Cham has established various joint ventures with private investors. Here is their list.

17-04-2018

Damascus Cham Holding has announced the signing of a new joint-venture with private investors to invest in Marota City as well as having received a license to establish the country’s first mortgage finance company.

10-04-2018

Bashar Al-Assad has enacted a law that dispossesses many refugees and displaced Syrians from their homes and enables the regime to rebuild large parts of the country under its own terms.

03-04-2018

Damascus Cham Holding has been granted the right to manage all parking spaces within the city of Damascus.