Syria Signs Framework Deal With UAE’s Eagle Hills for Two Property Projects

Syria signed a framework agreement on Monday with the UAE’s Eagle Hills group to develop two major real estate projects in Damascus and Latakia.

The agreement comes as Syria’s new authorities step up efforts to attract foreign investment to help finance reconstruction after nearly 13 years of war.

The planned developments would bring property investment to both the capital and the coastal city of Latakia. Details of their scope, cost and construction schedules were not provided in the announcement.

The framework deal marks a step toward developing the projects, rather than confirmation that construction is under way. Securing investment remains central to the authorities’ efforts to rebuild the war-battered country.