Emirati aims for 7B dollar Syria project

The Emirati company "Arad" has signed an agreement with the Syrian Sovereign Fund to develop a real estate project with an approximate value of $7 billion in New Damascus. This marks the company's first project in the Syrian market. The project involves the development of an integrated urban community covering around 4 million square meters, including residential units, hospitality, education, and healthcare facilities, as well as commercial and service components. This project is one of the largest announced real estate investments in Syria currently and aims to create a multi-use area that combines housing and services, in line with efforts to boost Gulf investments in Syrian reconstruction.

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