Syrian-Emirati Deal for $17B Projects

The Ministries of Public Works and Housing and Tourism in Syria signed a framework agreement with the Emirati company "Eagle Hills" to develop two urban and touristic projects in Damascus and Latakia, with an investment value estimated between $15 billion and $17 billion. The project aims to improve the housing sector and stimulate economic development, including tourism facilities, residential areas, and service spaces, with an expectation of creating over 40,000 direct and indirect jobs. Implementation is expected to begin immediately, and the project strengthens cooperation between Syria and the United Arab Emirates to rebuild the country and revitalize the construction, industry, and tourism sectors.

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