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Source:
عكس السير
Syrian Investment Authority warns on fake projects
The Syrian Investment Authority has issued a circular restricting oversight of the real estate development and investment sector within the agency. It warns against selling units based on plans without proper legal permits, amid reports of projects promoting and selling units in violation of Law No. 25 of 2011. The authority emphasized that any project requires a decision from the Higher Council for Economic Development, along with a licensed developer and investor. Penalties for violations include prison sentences ranging from three to six years and fines reaching up to one million Syrian pounds. The authority urged investors and citizens to verify the legality of any project before engaging with it.
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