Syria signs framework deal with UAE’s Eagle Hills for two property projects

Syria signed a framework agreement on Monday with the United Arab Emirates’ 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 investment to the Syrian capital and the coastal city of Latakia, placing real estate among the sectors targeted in the rebuilding drive.

The information provided did not specify the projects’ value, construction schedules or scope. The framework agreement sets out plans for the developments rather than marking their completion.