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A framework agreement has been signed between the Syrian government and the Emirati company "Eagle Hills" aimed at developing two major urban and tourism projects in Damascus and Latakia, in order to address the housing shortage—which could exceed two million units by 2030. The first project, "Taleel Damascus" (Tadamon Towers), involves over 26,000 residential units and 4,000 hotel units, with the goal of meeting residents' needs and reducing the housing gap. The second project, "Latakia Tourism" (Eco Life), includes approximately 10,000 apartments, 1,000 villas, and 4,000 hotel units, along with entertainment facilities, green spaces, and a marina, all spread over one million square meters. These projects are expected to create more than 95,000 jobs during construction and operation, and to stimulate the local economy through investments estimated at around $9 billion, with an anticipated economic impact of approximately $16 billion. Officials described the agreement as an important step toward fostering sustainable collaboration and developing integrated urban and economic communities in Syria, with hopes that investments and operations will return to a country currently witnessing developmental projects in other provinces as well.
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