Syria partners with Emaar Hills on two projects
Syria has signed an agreement with the UAE-based "Eagle Hills" Group to develop two major real estate projects in Damascus and Latakia, aimed at attracting foreign investments and reconstruction after more than 13 years of war. The projects include the development of residential communities, tourism, and entertainment services, with prices starting from $1,600 per square meter. They aim to create tens of thousands of jobs and revive the real estate and economic sectors in the country. The estimated cost of reconstruction in Syria is around $216 billion, with plans for projects worth tens of billions of dollars to support economic recovery and housing development.
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