The First Syrian Emirati Investment Forum in Damascus $19 Billion Real Estate Projects and Major Industrial Expansions
The First Syrian-Emirati Investment Forum in Damascus: $19 Billion Real Estate Projects and Major Industrial Expansions
Under the patronage of His Excellency the President of the Syrian Arab Republic, Mr. Ahmed Al-Sharaa, the activities of the third day of the First Syrian-Emirati Investment Forum were held at the People's Palace in Damascus. The delegation of the Federation of Syrian Chambers of Industry participated in this event, headed by Dr. Mazen Deirwan, Chairman of the Federation, and in the presence of Mr. Mohamed Ayman Al-Molawi (Secretary-General of the Federation and Chairman of the Damascus and Rural Damascus Chamber of Industry), Mr. Imad Taha Al-Qasim (Board Member of the Federation and Chairman of the Aleppo Chamber of Industry), Mr. Iyad Betinjaneh (Member of the Federation Bureau), Mr. Abdullah Al-Zayed (Secretary-General of the Damascus Chamber of Industry), and Mr. Khaldoun Dado, Director of the Federation.{C}
Following the opening remarks by Dr. Mohammad Nidal Al-Shaar, Syrian Minister of Economy and Industry, and Dr. Thani bin Ahmed Al-Zeyoudi, Emirati Minister of State for Foreign Trade, a panel discussion was held. The session featured Dr. Mazen Deirwan, Chairman of the Federation; Mr. Talal Al-Hilali, Head of the Syrian Investment Authority; Emirati businessman Mr. Mohamed Alabbar, Founder of Emaar Properties; and Mr. Abdel Qader Al-Sankari, Chairman of the Board of Sankari Investment Group. The discussion was moderated by the prominent media personality, Loubna Bouza.{C}
The panel concluded with a set of promising strategic directions and projects:{C}
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Real Estate and Tourism Investment:{C} Mr. Mohamed Alabbar announced plans and intentions to enter the Syrian market with mega real estate projects valued at approximately $19 billion. He emphasized Syria's rich potential across all fields, particularly in industry, trade, and tourism, projecting the capacity to increase the number of visiting tourists to 8 million within 5 years, which will positively impact the economic situation.
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Restoration and Humanitarian Initiatives: Mr. Abdel Qader Al-Sankari revealed that the United Arab Emirates is adopting the restoration project for the Umayyad Mosque and its surroundings in Old Damascus, given its significant archaeological, humanitarian, and Islamic value worldwide. He also highlighted the ongoing developmental and charitable work carried out by the "Hand" humanitarian foundation, which he heads, inside Syria.
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Investment Environment and Facilitations: Mr. Talal Al-Hilali extended a direct invitation to investors to start their projects immediately and exploit the vast investment opportunities available across all sectors. He affirmed the presence of flexible procedures that protect investors' rights and stimulate the business ecosystem.
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Industrial Growth and Expansion: Dr. Mazen Deirwan focused on the long-standing heritage of Syrian industry and its resilience to adapt to various circumstances. He revealed the issuance of more than 4,000 new industrial licenses, announcing that all plots in Adra Industrial City have been fully allocated and that its expansion will begin soon to accommodate more companies and investors, driven by the attractive advantages of the new tax and investment laws
13/5/2026
