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Saudi Investments to Fund Damascus Projects
The Saudi company "Abyat" for investment and real estate development has announced the injection of investments exceeding $1.2 billion into the Syrian market, through the implementation of two major residential projects in Rural Damascus. The projects include "Abyan Hills" in the Qudsiya suburb and the "Modern Urban Cluster" in the Balqa area, with the aim of creating approximately 22,000 residential units to meet the increasing population demand in Syria. The cost of the "Modern Urban Cluster" project is around $1 billion, while the estimated price of the "Abyan Hills" project is approximately $200 million.
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