Syria Signs Investment Deal for Major Housing and Tourism Projects

The Syrian government and UAE-based Eagle Hills have signed an investment agreement to develop major residential and tourism projects under the patronage of President Ahmed al-Sharaa.

The agreement covers the Damascus Hills residential development and a tourism project in Latakia, bringing housing and tourism investment into a single development package.

The projects are expected to involve substantial investment and generate tens of thousands of jobs. No specific investment figure was provided in the announcement.

Damascus Hills is planned as a residential project, while the Latakia development will focus on tourism. Details of their size, facilities and construction schedules were not disclosed.