Sector Update
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Renewable Energy
HomsAugust 2011
The first wind turbine using German technology has been assembled and erected near the city of Homs. The turbine generating 2.5 KWH will be the first of many to be erected by a Syrian company capitalising on a recent government legislation introducing feed-in tariff in Syria.
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Real Estate Sector
HamaApril 2011
The governorate of Hama has signed its first Public Private Partnership contract with a local real-estate development company to develop a suburb of the city. The previously informal settlements of Wadi El-Joz were cleared out to make way for 2400 new housing units that will stretch over an area of 30 hectares.
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Construction Sector
IranFebruary 2011
The Syrian government has signed with its Iranian counterpart a number of agreements to facilitate Iranian public and private investments in the Syrian energy, housing and transport sectors.
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Real Estate Sector
DamascusJanuary 2011
Emaar’s flagship 8th Gate project in Syria has gotten a boost with the re-opening of the UAE Embassy in Damascus. The project developers have resumed their marketing campaigns and are expected to resume work on the project site on the outskirts of Damascus.
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Construction Sector
ManufacturingNovember 2010
Upgrade works on the float glass production facility owned by the government will resume after 7 years of stoppage. The Lebanese company Lasco is set to resume its work on the plant located in rural Damascus.
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Construction Sector
Marota CityOctober 2010
The Syrian government is planning to provide developers with financial facilities as well as importation licenses to accelerate the construction process in Marota City.
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Construction Sector
IranOctober 2010
The Public Housing Establishment will be undertaking a joint venture with an Iranian company to build 30,000 housing units throughout Syria.
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Real Estate Sector
DamascusOctober 2008
The Kuwait-Syria Holding Company has launched a mixed-use residential and commercial development in the Damascus upscale suburb of Yaafour. The 180,000 square meters 'Park Residence' development will consist of 71 buildings of eight floors.
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Construction Sector
FairsSeptember 2008
The 60th edition of Damascus International Fair saw the participation of over 1700 companies from 48 countries. The majority of foreign exhibitors have been from the construction sector looking for reconstruction opportunities in Syria.
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Construction Sector
ChinaAugust 2008
Chinese Special Envoy for Syria Xie Xiaoyan expressed hope that the international community will accord special interest to the issue of post-war reconstruction in Syria.
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Construction Sector
RussiaAugust 2008
Russia is to provide Syria with a specialised electronic system to facilitate urban planning in the framework of the reconstruction process.
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Construction Sector
RussiaAugust 2007
The Ministry of Tourism granted a license to the Russian company Stroytransgaz to develop a five star resort at the Manara site in Tartous.
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Construction Sector
PPPAugust 2007
The Syrian government is preparing a list of 200 investment projects it will make available to the private sector on a public-private partnership (PPP) basis during the reconstruction stage.
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Real Estate Sector
DamascusAugust 2007
Part of the urbanization area to the south west of Damascus referred to as “Marota City” is attracting foreign investment interest from the UAE.
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Real Estate Sector
AleppoAugust 2007
The Director of the General Commission for Real Estate Development and Investment announces the upcoming launch of a new urban regeneration project in an informal area of Aleppo.
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Real Estate Sector
LegislationsAugust 2007
New legislation governing real estate development is expected to be issued soon to regulate off-plan sales and to facilitate mortgages. The new law will add to existing legislation, which provides incentives and exemptions to investors such as easier means to import necessary materials and machinery to construct real estate developments.